150-day simple moving average defines the trendlline
And the line in the sand is the 200-day moving average. Reference the last chart analysis for the S&P 500.
The important point from this chart is that the major trend is up. Always trade in the direction of the trend until the chart indicates a reversal.
“Keep it Simple!”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.