S&P 500 EnergyLong
SPN 4/14/2021
Noteworthy:
Overview:
Bullish Trend Continues:
Trend Assessment Was Wrong:
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
- Energy sector spiking today on news EIA raised demand outlook for crude
Overview:
- SP500 continues bull rally
- As lockdowns ease and vaccines become more prevalent demand for oil goes up with increased travel
Bullish Trend Continues:
- RSI breaks 57.60
- SPN closes about 370.30
- MACD fast crosses above slow
Trend Assessment Was Wrong:
- SPN close below 370.37 (21 EMA)
- RSI less than 50
- MACD slow cross below 0
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
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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.
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
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.