Traders Stunned By Momentum Meltdown As Earnings Quality Problem Simmers Under The Surface

Traders Stunned By Momentum Meltdown As Earnings Quality Problem Simmers Under The Surface Authored by Lance Roberts via RealInvestmentAdvice.com, 📈Technical Backdrop – Coiling Below The Record Here is where the quiet-index story gets interesting for traders. The S&P 500 closed the week at 7,457.69, and that put it right on top of its 50-day moving average near 7,464. Call it dead flat against the line. The index still sits about 6.8% above its rising 200-day average near 6,985, so the primary uptrend remains fully intact, and it is roughly 2% below the June...