Confluence of Confluences .. Cont’d.. $SPX, $INDU, $NDX, $RUT

 

I am not much of a moving average technician but there is power in what others use to effect their behaviors so you need to be aware of them.  These are the charts that I put together showing the popular 200DMA (blue), the 50 DMA (White) and the 20 DMA (Red).  I do my moving averages as red, white and blue so I can remember.. good for the USA is red on top of white on top of blue.  So you can see we remain inverted on most of the charts still, but there is a corner in place.

 

The magenta is the 500 EMA that some use as a boarder between the bulls and bears and we have just crossed back into bull territory on the $SPX.

 

Here are the current charts for each of the majors:

The SPX just yesterday eked out a close above the 200 DMA.

 

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