The NASDAQ has pulled back to its 20-day MA. The McClellan summation in the NASDAQ has just turned red with the McClellan oscillator breaking below the zero line. The S&P is fairing a little better overall, but we could go either way. The volatility index (VIX) is working sideways and I can make out a small triangular consolidation. Gold rallied again today and is testing recent daily highs ($XAU index).
Selasa, 12 Mei 2009
Technical Picture - NASDAQ Struggling at 20 MA
The NASDAQ has pulled back to its 20-day MA. The McClellan summation in the NASDAQ has just turned red with the McClellan oscillator breaking below the zero line. The S&P is fairing a little better overall, but we could go either way. The volatility index (VIX) is working sideways and I can make out a small triangular consolidation. Gold rallied again today and is testing recent daily highs ($XAU index).
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