Indices Breakout - Head-And-Shoulder Reversal In S&P Negated
January 23, 2015 at 06:30 AM EST
The S&P finished above a converged, yet flat-lined 20-day and 50-day MAs. There was some technical improvement with a fresh MACD 'buy', and a marked accumulation day leading to a 'buy' for On-Balance-Volume, but whipsaw risks for each of these signals remains high.
