Technical Analysis – US 30 index stalls positive push above 200-SMA
Posted on August 7, 2020 at 12:45 pm GMTUS 30 stock index (Cash) recently thrusted above the 26,880 level, that being the 76.4% Fibonacci retracement of the down leg from 29,582 to 18,170, after finding some traction from the 200-day SMA at 26,295. The index’s positive momentum has slowed slightly as reflected in the short-term oscillators. The MACD, holding relatively steady in the positive region, has barely moved above its red trigger line, while the RSI has reversed ahead of the 70 mark. Furthermore, the Stochastics are located [..]