Over the last week S&P500 has broken above both 1-year and quarterly downtrend borders, marked by the lower 1st standard deviations from the 1-year and quarterly years respectively
It already happened back in September, but this time the downtrends are most likely over - the price tagged the quarterly mean, thus cancelling the quarterly downtrend completely
The...
Dow Jones US Paper Index is likely to keep falling if price holds below 1st standard deviation from its quarterly (66 day) moving average.
However traders looking to short the index should be aware of pullback risks if price to hold above recent lows at 157.5. Best short positions are to be found closer to the 1st standard deviation, now standing at ~163.5.