AllTechnical Analysis
logoArgusSeptember 16, 2020

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term

So far, the major indices (S&P 500, Nasdaq, Nasdaq 100) have seen only minor technical damage, with most of them finding support from their respective 50-day moving averages last week. Yet the attempted bounces have been weak, running out of gas at their 10-day simple and 21-day exponential averages. All the indices have broken their uptrends off the secondary low from early April.

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