Always consider hidden risks
SP500 Index:  The 200 DMA Experiment ?
July 9 ( From Tradeview )
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​​​​The Situation

We have been in one of the most Bullish Stock Market in history
​since 2009.​The Mighty SP500 Index from a low in March 2009
​of 666.79 to the closing peak on May 31 2015 at 2130.82 rose by
​a factor ​​of 3.27 spurred by low interest rates and strong buybacks
​from ​​US corporations.

​​​​Will SP500 Index break or fade ?

Take note that we already broke on the downside on June 25 the ​​
​20 DMA ( Day Moving Average ) then at 2103.5 and the 50 DMA then
​at 2106.8. ( See chart Below - 20 DMA - Yellow Line - 50 DMA - Red Line )

​​​​And we broke on June 29 a Major Daily Support from an
Ascending Triangle Pattern at ​2077.5  that started on March 11.
And having a daily close back then below the rising support
​trendline at 2077.5 was the confirmation of a New Bear Trend. ​
​( See chart Below - SP500 Daily - Red Trendline )

But the Real Interesting Technical Factor happened on July 8 when the Mighty SP500 Index closed below the   the 200 DMA ( Day Moving Average ) ​then at 2101.6 level, ​a bad technical sign indeed...
​( See chart Below - SP500 Daily - Green Line - Ellipse )
A Must Read: What You Need to Know About the 200-Day Moving Average

 Louis Pasteur 
"Chance favors the prepared mind."

SP500 Index: The 200 DMA Experiment ?  $SPY  #Trading #Investing #SP500 #stocks

SP500 Index​​ Daily ( Candles )
​SP500 20 day moving average  ( Yellow Line )
SP500 50 day moving average ( Red Line )​