Thursday, August 14, 2014

Equities: S&P 500 Back Above 20 and 50 Day Moving Averages

Although he doesn't label them the green line is the 20day MA and the blue line is the 50.
From Afraid to Trade:
SP500 Decided to Break On Through to the Other Side
Aug 14, 2014: 11:22 AM CST
Not to be spooked by a little retracement in the market, the buyers (bulls) decided to break price higher to the “other side” of the 20/50 EMA resistance.
Let’s update our chart and note the “Open Air” as price completes another repeat pattern:

...MORE 
S&P 500 1952.97  up 6.25 and 1.9% under the all-time high.

For some reason I feel the urge to visit a graveyard in Paris.