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harshpandya2011

SPX bounced on 200MA. A short relief rally before another dump?

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S&P 500 Index (SP:SPX)  
harshpandya2011  
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators S&P 500 (SPX500) SPX (S&P 500 Index) DJI Stocks worldmarkets
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trendanalysis chartpattern indicator spx500 spx dji stocks worldmarkets
SPX bounced on the 200MA on 1 Week chart. Huge support. Should have caught this before. This looks like a good bounce, but we are no where close to going back to the bull run. We are currently on a trending resistance. I'm no genius, but going back to basics - world market is in crisis, US debt sky rocketing, we broke the parabolic rise of markets and all markets entered bearish territory. 2019 will be a very interesting year. Let's be cautious and keep our heads level headed. I'm still bearish mid-long term.
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