Technical Analysis – US 500 index upside cools off but bias remains bullish
Posted on March 28, 2022 at 7:51 am GMTThe US 500 stock index (cash) has been in a recovery mode since it managed to find its feet at the 4,135 region in early March. Although the index’s advance appears to be pausing in the immediate term, the technical picture endorses a broader bullish trend. The momentum indicators suggest that buying forces remain in control. Specifically, the stochastic oscillator is sloping upwards after posting a bullish crossover in the overbought area, while the MACD histogram is currently above both [..]