FYI: With the month of May now upon us, we wanted to note that every single one of the US Index ETFs that we track are back below their 50-day moving averages. You can see this in the “trading range” section of the snapshot below. The dot for each ETF represents where it’s currently trading, while the tail end represents where it was trading one week ago. Also note that every single US Index ETF is in “neutral” territory, meaning it’s neither overbought nor oversold.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/us-index-etfs-all-below-50-dmas-to-start-may/
