In the last post we discussed the divergence between the different market caps for US equities. The hypothesis was that this divergence between large cap strength and mid/small cap weakness, coupled with seasonality trends, could spark a short term sell off in domestic equities. 587 more words
Tags » S&P 500
Standard & Poor 500
Points of interest:
- Resistance zone: 2,115-2,130
- Immediate support level: 2,042
- RSI sloped downward, while the index remains in bullish mode.
- Projection: The index expect to come under pressure, as RSI is clear to diverge from the index bullish trend. 329 more words