Combined US Equities
Since the last heads up analysis before the bearish pullback, some more new developments came into play, particularly how the equity market turned bullish...
1. Heads up given for RISK ON in the green ellipse. The weekly chart is actually very obvious with a long tail candlestick;
2. The latter part of that week finished with a combination of a long bullish candle, breaking and closing above a resistance trendline;
3. Then continued by another breakout of a range; and
4. This week closed with another colid bullish candle that closed the gap resistance, with another bullish candle to boot.
5. MACD and VolDiv indicators are bullish since the early part of the week.
Can easily expect a revisit to the last high of 906.50, but not before a retest of the gap support.
1. Heads up given for RISK ON in the green ellipse. The weekly chart is actually very obvious with a long tail candlestick;
2. The latter part of that week finished with a combination of a long bullish candle, breaking and closing above a resistance trendline;
3. Then continued by another breakout of a range; and
4. This week closed with another colid bullish candle that closed the gap resistance, with another bullish candle to boot.
5. MACD and VolDiv indicators are bullish since the early part of the week.
Can easily expect a revisit to the last high of 906.50, but not before a retest of the gap support.
Related publications
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.