US30 Index Powers Back, Crossing Above its 50-SMA

<p>The US 30 cash index came back swinging after its January retreat, as the downtrend move appeared to be overextended. Currently, the index is trading above its 50- and 200-day simple moving averages (SMA), supporting an overall cautiously bullish outlook. Short-term momentum indicators are also reflecting a positive bias as the RSI is hovering above […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/427930-us30-index-powers-back-crossing-above-its-50-sma/">US30 Index Powers Back, Crossing Above its 50-SMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>