Technical Analysis – US 500 remains volatile; overall bearish outlook
Posted on March 2, 2022 at 2:42 pm GMTThe US 500 cash index has quickly bounced above its 9-month low at 4,106 touched last week. However, the elevated negative pressures are still troubling the index, which is currently trading well below its 50- and 200-day simple moving averages (SMAs), reflecting an overall bearish outlook. The short-term momentum indicators are painting a mixed picture as the RSI steady below its 50 neutral mark. On the country, the MACD is found below zero but above its red signal line, which [..]