Saturday US Indexes Analysis - 2018-02-17

in investment •  7 years ago 

Saturday US Indexes Analysis - Feb 17th, 2018
The strategies discussed below are suitable for swing traders.

In Equilibrium

In my last week analysis here, I wrote "If you are holding some stocks, hang on. It’s not a bear market.", and that exactly what happens during these several days. The price has moved back up after "bouncing" the 200 EMA support.

As you can see, after the sharp "V" movements, all major US indexes are slowing down. Don't expect it to shoot to the sky from here on. I'm predicting that it will make a consolidation / sideway for a little while. The MACD and RSI are showing that the current closing price can be considered as in equilibrium.

The best case scenario here would be that the indexes would move sideway for one or two weeks, while the 200 EMA is trying to catch up with the current price. After that, it could go up with full power.

Dow - Feb 17th, 2018

Dow - Feb 17th, 2018

S&P - Feb 17th, 2018
S&P - Feb 17th, 2018

NASDAQ - Feb 17th, 2018
NASDAQ - Feb 17th, 2018


Disclaimer


If this blog post has entertained or helped you, please follow, upvote, resteem and/or consider buying me beers :
BTC Wallet

BTC

ETH Wallet

ETH

LTC Wallet

LTC

DOGE Wallet

DOGE

XMR Wallet

XMR

 

 

 

BTC : 1HqYTjRdZvss32vDrp1T8gRAXTgdqfZ6VS
ETH : 0x1fc22bC528ceE3DaA39555269b70e287dda9aE3E
LTC : LdEiGzjcG36EoZoezDu6rZmdwVcSJHazfr
DOGE : DMYx1w5Sr4uoMnNWymn5nMpCuySSr178TA
XMR : 46QngrRwYgAbQJzW2ZJZ8HEuirkUW2bw84ajWhk73DLG8iT9NqgfzSU4ddRZbeAaLgFeL6gAxzVtGZPHJhFmCDXF3ZEwimT

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!