Technical Analysis – US 500 index maintains weak momentum; broader picture is bullish

The US 500 (cash) index is looking more neutral as prices have climbed towards the 12-week high of 3,069, remaining above the 23.6% Fibonacci retracement level of the up leg from 2,765 to 3,069 at 2,998 and the 50-period simple moving average (SMA). The technical indicators seem to be in contrast as the MACD is […]