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S&P500 charts: the market to reflect global economy

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Interesting charts to present today with the S&P 500 Index, which is probably a better market to follow to reflect global economy. As we are all aware, the US Dollar still remains the reserve currency of the US Dollar and with that privilege, it extends into the US stock market. As uncertainties build around the globe, money will look for a home…it may not be the prettiest home, but it is likely the securest. The daily chart of the S&P 500 Index is shown below, with the upper 21 MA

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