SPX LONG S&P 500 Taken out The Resistance on Daily View
Hello to all who watch my charts.
Contrary to the opinion of many here is in my view S & P 500 a Long Setup.
As you can see we had it at the beginning of March
a short trend which I marked with the orange trend lines.
Now, however, the index has risen above all short resistance and has both major resistance levels
which I marked purple. In the near future no direct resistance is to be seen.
Next is at around 2870
That's why I see these Index in a long trend.
To be cautios here , its needed that SPX fall below
2800 and
2786
at end of day chart
If that wil happen the long setup is gone.
----------------
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
-----------------
Contrary to the opinion of many here is in my view S & P 500 a Long Setup.
As you can see we had it at the beginning of March
a short trend which I marked with the orange trend lines.
Now, however, the index has risen above all short resistance and has both major resistance levels
which I marked purple. In the near future no direct resistance is to be seen.
Next is at around 2870
That's why I see these Index in a long trend.
To be cautios here , its needed that SPX fall below
2800 and
2786
at end of day chart
If that wil happen the long setup is gone.
----------------
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
-----------------
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.