Technical Analysis

50 day MA at 2622.75 The S&P has just violated the 50 day MA after one day close above that moving average.  That MA comes in at 2622.72. The price is trading at 2619.72.  The move higher last week was also able to breach the 50% of the move down from the September high. That
0 Comments
Will not guarantee no-deal The GBPUSD is extending to new highs as May stands firm on not guaranteeing a no deal.   The pair is moving away from the 100 hour and 100 day MA at 1.2885 and 1.2890 respectively.  The high reached 1.29096.  The next target is the 1.29295. Risk is the 1.2885 area now. 
0 Comments
UK FTSE down -0.1% as PM May and parliament continue to muddle through Brexit The major European indices are ending the session with declines.   As a reminder, US markets are closed today. The provisional closes are showing: German DAX, -0.7% France’s CAC, -0.3% UK’s FTSE, -0.1% Spain’s Ibex, -0.6% Italy’s FTSE MIB, -0.35% Portugal’s PSI
0 Comments
Muddies the water for the bulls again…. The GBPUSD is dipping back below the broken 100 day MA at 1.28925, muddying the bullish waters.  The pair moved above the moving average earlier in the week (Monday and Tuesday). Each run higher eventually failed, and the price moved lower (see red shaded areas). Yesterday, the price
0 Comments