Technical Analysis – US 30 index jumps above 200-day SMA; enters key resistance zone

The US 30 stock index (cash) ticked above the 200-day simple moving average (SMA) and is ready to test the 26,580-27,000 resistance zone. The battle could be challenging as the RSI and the stochastics point to an overbought market, suggesting that the rally could soon lose steam. If the bulls prove unable to remove the […]