Trading the fourth quarter using technical analysis
The S&P 500 bear market rally has played out to the letter, using 200-day simple moving average (SMA) as resistance, but where next?
Could the next move be a total retracement of the drop down to the June lows? Possibly, but then where? IGTV’s Jeremy Naylor caught up with Ron William, technical analyst from RW Advisory, who looks at key levels and highlights the capitulation that needs to be seen.
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