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If market sentiment improves this week and the index rises above the 5-day moving average, the 200-day moving average resistance at 5,750 and 5,850 should be monitored.
S&P 500 index +0.13%
S&P 500 index SPX | 5282.70 | +0.13% |
If market sentiment improves this week and the index rises above the 5-day moving average, the 200-day moving average resistance at 5,750 and 5,850 should be monitored.
If the indicator fails to break these levels or declines after breaking them, positions should be reduced. If the indicator breaks the 5-day moving average, don't hold on—the market may fall again, and a second sell-off is imminent.
