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USDJPY and CADJPY Push Reversal Risk as S&P 500 Mocks Technical Levels
video I am a firm believer that technical analysis is part of a well-rounded trading approach, but markets don’t always pay due respect to the technique. The past 48 hours is a prime example of when chart patterns and indicators may highlight key perspective while still failing to connect to traders’ true intent. By most measures, the 4,470 level on the S&P 500 (445 on the SPY ETF) carries some serious weight in textbook standards. That level represents both the 200-day moving average – one of the most recognizable chart measures even for those that shun technicals – and the midpoint of the 2022 range. And ... (full story)
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- Mar 24, 2022 1:18am Mar 24, 2022 1:18am
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samdani786 - | Commercial Member | Joined Feb 2008 | 133 Comments
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- Mar 24, 2022 6:29am Mar 24, 2022 6:29am
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Hassa9 - | Joined Dec 2019 | Status: Member | 191 Comments
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- Posted: Mar 24, 2022 12:18am
- Submitted by:Category: Technical AnalysisComments: 2 / Views: 1,214
