Tuesday, August 20, 2019
S&P 500 & Nasdaq 100 Futures Pause At 20-Day MA's
Both the E-mini S&P 500 (ES) & Nasdaq 100 (NQ) are showing resistance at their 20-day MA's. Both have bumped-up against their respective MA's yesterday and yet again intra-day today. The 50-day MA is rising and is located near last week's highs, just above current price-action for both metrics. A bearish harami is setting-up but will require subsequent weakness tomorrow (Wednesday) to confirm a shift in momentum to the downside.
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In what was perceived as a hawkish pause by the FOMC, fell on deaf ears shortly after the statement by the Federal Reserve was released Wedn...
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While all eyes will indeed be glued to next week's Federal Reserve's statement and press conference on Wednesday, those viewing thro...