Average Lines

The writer has not suggested the opening of new positions for quite a long time.

Average Lines

The writer has not suggested the opening of new positions for quite a long time. Instead, a comparison of three indices is necessary now. S&P is high above the 50-day SMA, DJIA has an intraday fall down the 20-day line, but yesterday’s closing price went above that line. It is called a false penetration. S&P also had a false penetration of the 20-day SMA.

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