Month: August 2018

The S&P500 is evolving in a bullish channel with rising and widening simple moving averages.  After overshooting above the bullish trendline the market is finding support just above it. Although the market is quite topish with a rising wedge and a trendline overshot the trend is your friend and there is no sign of a
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50% and 100 hour MA eyed As London traders head for the exits, the GBPUSD is leaking to the downside.   Technically, the price has moved to the test the 100 hour MA and the 50% retracement at 1.29484 and 1.20437.   Below that level is the swing levels from August 22 and August 28 at 1.2935
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