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Coolhand's Market Analysis

A weekly snapshot of current TSP allocations for both the Top 50 and the Total Tracker. I also try to accompany the allocation charts with some measure of technical analysis, normally using the S&P 500.

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    Retest of the 50 dma in Progress - Posted by Coolhand

    by
    coolhand
    , 09-17-2020 at 05:22 PM (Coolhand's Market Analysis)
    Quote Originally Posted by coolhand View Post
    It was bears turn to make a run out the gate today as price fell hard at the opening bell.

    namor's Vegas Boxer Account Talk-s-p-500-png
    namor's Vegas Boxer Account Talk-dwcpf-png

    I said yesterday that a retest of the 50 dma was still possible and we only had to wait 1 day to get that retest (the test is still in progress). Price closed just above that key average on both charts. To this point, support is holding, but will it last?

    namor's Vegas Boxer Account Talk-nyad-png
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