A reliable technical indicator for determining North American equity index trends during the past two years has been the 50-day moving average.
The indicator for equity markets is a momentum trend indicator for North American equity indices such as the Dow Jones Industrial Average and S&P 500 Index based on the average of its closing levels during the past 50 trading days.
Equity indices are considered to be in an uptrend when they are trading above their 50-day moving average and their 50-day moving average is moving higher. Conversely, they would be in a downtrend when they are trading below their 50-day moving average and their 50-day moving average is moving lower.
The indicator has provided reliable buy and sell signals during the past two years. Buying opportunities have been presented when an index falls to just below its 50-day moving average and the 50-day moving average is trending up and selling when it slightly exceeds the average and is trending down.
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