For FullyInformed USA Members here is the intraday chart analysis for the morning of July 7 2015.
The drop in stocks this morning is a combination of fears over the Greece factor spreading to other countries along with the continued Shanghai Composite decline mixed with a rising US dollar and declining oil prices. As well, a lot of investors bought stocks over the past couple of days believing that that downturn had put in place some kind of bottom just above the 200 day exponential moving average (EMA). Yesterday’s drop took the S&P just above the same level which …………………… the rest of this article is for USA members.
Intraday Chart Analysis – Morning – July 7 2015
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