An interesting pattern

I showed this chart before (click on the chart to enlarge it). It shows the S&P 500 and its moving average.

The index remains below its moving average and reflects an above average loss of momentum. The graphs speak for themselves.

If I had a choice I would like to see the S&P 500 above the moving average, not below.

Hopefully the market will bounce back above the red line.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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