Breaking the 50-day Moving average may change the feel of this market all together.
The 50-day moving average has held strong for this market since last year’s election. There has been a few breaches around the 50-day MA, so it hasn’t been a clean hold every time, but in large part, despite the breaks that we have seen of the market rally around the 50-day MA at or near it every time.
So today, the S&P 500 is attempting to break the 50-day and if it confirms, it would validate the bearish trend reversal we have seen recently in the SharePlanner Reversal Indicator, and finally get a pullback in this market and allow stocks to let off some steam.
Here is the SharePlanner Reversal Indicator:
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How to trade a stock split: in this podcast episode Ryan talks about the impact of what an announced forward stock split means for a stock that you are considering swing trading, or may already be trading. Also covered are the risks, and the strategy behind stock splits for investors and traders alike.
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