SP500 Dow Jones and the critical 50-day EMA

Traders around the world are watching US equity indexes very closely … levels critical chart so let's check out these reference levels accurately.

The S & P 500, and 50 (d) of the MTV EUROPE MUSIC AWARDS:

We look forward to move to the following types of Uptrending averages support and setting in the configuration of the buy-in through the back than the price retracements does so up to the rise of the eco-management and audit scheme.

Such was the case during the November low at a market that was down to the formation of the triple, which caused the upside breakout and the start/continue.

This was the market for sulphur 50 (d) at this stage – EMA pulsing under the 1,180-it should be changed in the market, "lost" the market psychology 50 (d) to support but the MTV … which was not the case.

We are now similar to the "it violates, or organize it?" in the situation where we have mini-three critical support to the overall width of the chart to push levels – at the time of this writing, has found support –.

Just now, the S & P 500 tested 50 (d) the level of the EMA 1,296 for an indefinite period of time – and – again found critical support.

In accordance with the breakdown of this level opens the test in January near the training period, swing low, 1,275 slower, so it should be expected to play.

In accordance with the terms of the pusher to open the door to swing low, 1,275 feedback loop has been slower in some of the purchasers residing in a compulsory stop (sales) and short-sellers to embattled tries to place an order the client stations – in short, both leading to a downward pressure on price, from a technical point of view.

In any case, the basic idea is to watch the three-key design points of the chart:

the 50 D EMA at 1,296
the "number" Is 1,300 round-support
January Swing Low, 1,275

Figure – not surprisingly – is the same as the Dow Jones:

All the discussion above (what happens to the S & P 500, Dow will happen – whether the market is held rallies in support of and belongs to the lower or higher … tested then the January low is lower), without the key Dow Jones to watch the reference levels are the following:

The "Round number" 12,000 level
Rising 50 d at EMA 11,972
January Swing Low, 11,800

At today's session to the trade and the other in the coming days, also to such levels in the response.

Corey Rosenbloom, CMT
Afraid to Trade.com

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