Category: 3. Trends
-
S&P500 breaks above 100dma but poor fundamentals
The S&P500 broke above its 100dma this week- a positive sign for a market recovery. HOWEVER, I remain cautious and patiently await the next shoe to drop. (For more information on the importance of the 100dma see: Early Warning Chart ) This week’s stellar performance was accentuated by assurance of more easy money from China…