STX500: aiming for the lower Bollinger band?A price action below 7100 supports a bearish trend direction.
Crossing above this level will negate the bearish stance.
A break below 6800 might target 6600.
A break above 7000 might signal the return of some strength.
Reconsider the position when the price action is at the 200-day, which might act
Key stats
About SATRIX S&P 500 FEEDER
Home page
Inception date
Jul 25, 2017
Replication method
Physical
Dividend treatment
Capitalizes
Primary advisor
Satrix Managers (RF) Pty Ltd.
ISIN
ZAE000246641
The Satrix S&P 500 Feeder ETF is an index tracking fund registered as a Collective Investment Scheme, and is listed on the Johannesburg Stock Exchange as an Exchange Traded Fund.
Classification
$STX500 SatrixS&P 500 ETF Index. Weakness in a bull trendThe S&P 500 have moved through periods of some weakness in a very strong uptrend. Currently we seem to be in another period of consolidation. Best to wait for a test of the longer term uptrend or wait for an upward break on the the weekly downward sloping resistance line.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.