The US 500 cash index has quickly bounced above its 9-month low at 4,106 touched last week. However, the elevated negative pressures are still troubling the index, which is currently trading well below its 50- and 200-day simple moving averages (SMAs), reflecting an overall bearish outlook. The short-term momentum indicators are painting a mixed picture […]
The post US 500 remains volatile; overall bearish outlook appeared first on Action Forex.