Technical Analysis – US 500 index fades from recent all-time high of 3,831
Posted on January 18, 2021 at 12:49 pm GMTThe US 500 index (Cash) is finding a foothold in the Ichimoku cloud, on the 100-period simple moving average (SMA) at 3,756, after the index receded from its latest all-time high of 3,831 under the 50-period SMA. All climbing SMAs are endorsing the positive picture, while the Ichimoku lines, with the dipping red Tenkan-sen line, are promoting the pullback in price. The short-term oscillators are proposing a tad increase in positive momentum. The MACD is flattening below its red signal [..]