Summary
The SPX saw a net April decline of -42pts (0.8%) at 5569, having hyper spiked from 4835. Momentum
ticked lower for a fifth consecutive month, and has turned negative. The second consecutive monthly close under the key 10MA (5772), as the m/t
trend should be seen as broken unless >5850 (to be decisive).
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Summary
The SPX saw a net March decline of -342pts (5.7%) at 5611, having printed a low of 5488. Momentum
ticked a little lower, and is due to turn negative as of April 1st. A monthly close below the key 10MA (5762), as the m/t
trend bullish trend has been broken.
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Summary
The SPX saw a net February decline of -86pts (1.4%) to 5954, but that was from a new historic high of 6147. Momentum
ticked a little lower, but remains on the high side. Another
monthly close above the key 10MA (5728), as the m/t
trend remains bullish.
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