Technical Analysis – US500 Index plots new high, flirts with 138.2% Fibonacci extension
Posted on November 18, 2019 at 2:41 pm GMTUS 500 stock index continues to gain ground after the push up on October 3, showing no definitive signs of retreating as it clocks yet another fresh all-time high of 3,128.12. The price has distanced itself above the Ichimoku cloud, as has the Tenkan-sen done above the Kijun-sen line, backing the positive picture. Furthermore, the ADX also implies a strong uptrend is in place. The short-term oscillators reflect some easing in positive momentum and could warrant a nearing pullback. The [..]