The US 100 index edged aggressively lower in Tuesday’s session as the bears continue to pull the price below the 50- and 200-simple moving averages (SMAs) and the 38.2% Fibonacci retracement level of the upleg from 6160 to 7700, around 7100. Today, the price is paring some losses and momentum indicators point slightly to the upside in the near term. The RSI lies near the neutral threshold of 50 and the MACD oscillator jumped above the trigger line but remains in negative territory. Should [..]
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