Time to be cautious this Christmas
Two things keeping me on my toes about $.SPX.US$ .
Firstly, number of stocks above MA200 (a sign of bullish trend) is less than 50%. In other words, less than 50% of stocks in US market is now above MA200. Check out MMTH index in barchart or trading view.
Secondly, US Fed will start tapering QE. Thus, reducing liquidity in the market.
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Firstly, number of stocks above MA200 (a sign of bullish trend) is less than 50%. In other words, less than 50% of stocks in US market is now above MA200. Check out MMTH index in barchart or trading view.
Secondly, US Fed will start tapering QE. Thus, reducing liquidity in the market.
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