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	Comments on: Weekly Trading Room Recap	</title>
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		By: riverbirch		</title>
		<link>https://rightsideofthechart.com/weekly-trading-room-recap/#comment-2665</link>

		<dc:creator><![CDATA[riverbirch]]></dc:creator>
		<pubDate>Sat, 08 Oct 2016 23:53:14 +0000</pubDate>
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					<description><![CDATA[The current weekly SPX looks eerily similiar to the 4/12/2012-6/4/2012 period.  The market experienced a 10.45% correction during that period. Also looking at the current daily chart the 13 &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. This type of moving average reacts faster to recent price changes than a simple moving average. (source: investopedia.com)&#039;&gt;ema&lt;/abbr&gt; has crossed below the 34 ema just as it did in 2012. 
Also the weekly MACD configuration is very similiar.]]></description>
			<content:encoded><![CDATA[<p>The current weekly SPX looks eerily similiar to the 4/12/2012-6/4/2012 period.  The market experienced a 10.45% correction during that period. Also looking at the current daily chart the 13 <abbr class='c2c-text-hover' title='An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. This type of moving average reacts faster to recent price changes than a simple moving average. (source: investopedia.com)'>ema</abbr> has crossed below the 34 ema just as it did in 2012.<br />
Also the weekly MACD configuration is very similiar.</p>
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