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The 20 period weekly moving average on the S&P 500 is curving down and is now acting as resistance to price. As you can see below on the weekly chart, it smoothed out with the summer topping process and then torqued down with the crash. You will note throughout the course of the Fall 2010-Spring 2011 uptrend that the 20 period weekly moving average guided price higher the whole way.
In other words, it is a useful reference point, or guide, on an intermediate-term timeframe, whereas the 20 period monthly moving average which I have discussed in other posts is better for a longer-term view. Currently, the downward sloping 20 period weekly implies that the bears have yet another good opportunity to short into this bounce. The fact that the bulls got price above it earlier this month, only to see it roll back over tends to reinforce this view.
The 20 period weekly moving average is currently at 1206 and declining. It will take plenty of more work to smooth it out and get it turning back up again. For now, the bulls should strive to at least get price back above it.
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those are the types of curves that don’t make it too far past the freshman 15. poor girl… hope she got her share of free drinks while it lasted.
I’m pretty sure she’s an athlete (maybe a cheerleader) and I’m pretty sure she is well passed her freshman 15 days. She’s lookin’ might fine to me.
Hit that shit.
I can see her ATM slot
lol
donno what ur talking about, girl got ass for days and curves for weeks. Her skills might even win her a ring.
Krull: I THOT THIS WAS SPOSED TA BE ABOUT STOX
Did Krull really say that?
Only every second of every day
It is about stocks….she is wearing LULU …get out there and BUY BUY BUY~~~!
Exactly.
ill buy buy buy her a drink. thats about it
Much like the chart and Pic…..somebody, somewhere is tired of that shit! Jusy sayin…..
Hilarious to read a thread of fat, balding guys that never get off the twitter talk about some young lady as if they have something over her! lmbo!!!
LoLz