US 500 Index Maintains Weak Momentum; Broader Picture is Bullish

<p>The US 500 (cash) index is looking more neutral as prices have climbed towards the 12-week high of 3,069, remaining above the 23.6% Fibonacci retracement level of the up leg from 2,765 to 3,069 at 2,998 and the 50-period simple moving average (SMA). The technical indicators seem to be in contrast as the MACD is [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/299723-us-500-index-maintains-weak-momentum-broader-picture-is-bullish/">US 500 Index Maintains Weak Momentum; Broader Picture is Bullish</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>