S&P 500 (SPX) 200-DAY EMA Is Holding As Support For The Moment

S&P 500 (SPX) 200-DAY EMA Is Holding As Support For The Moment

Russell Shor Russell Shor

Russell Shor

Senior Market Specialist @ Tradu | Certified Financial Technician, Master of Financial Technical Analysis

发布日期: 2018年4月26日
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The SPX’s red 200-day SMA has acted as support for the index during 2018. It held during February and March (blue ellipses) and is now being tested again (red ellipse). Yesterday, sellers took price down to the red 200-day EMA, where they promptly lost control to buyer. The buyers then pushed price up and the period ended up (bullish hammer candlestick). Of note, Facebook released excellent first quarter earnings yesterday. Total revenue grew around 49% to about $12 billion and net income of $4.9 billion. In after-hours trading FB shares jumped by 7%.

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