Technical Analysis – US 500 index heavily negative after fiscal stimulus ideas; nears 2018 low

The US 500 stock index (cash) crashed by another 11% on Tuesday as the US fiscal stimulus proposals seem to be spreading panic rather than reassuring investors. The index fell as low as 2,362, violating the 200-period simple moving average (SMA) on the weekly chart for the first time since 2011. Still, on the positive side it […]