Thursday, 29 November 2018

Leaning weak

October saw the sp'500 settle under the key 10MA for the first time since Feb'2016. Monthly price momentum has turned negative, and increasingly favoured the bears in November.

*An overly late update....

Suffice to add, with the macd (blue bar histogram) turning negative in October, we're at MARCON 6. For 5 or lower, we need to see the black macd line cross below the zero threshold. That looks possible no earlier than mid 2019.