S&P 500 / Nasdaq daily chart close with notes 2/11/19

The SPX is stalling exactly where it should, after going straight up. This is where average traders lose money, becoming impatient. Let things re-set up, while the market finds the leaders for the next leg higher. This could take a week.

SPX 3 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/11/19

MACD is now consolidating with price, just below the 200sma. This will probably take many days of churning before somebody wins.

nasdaq 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/11/19

 

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