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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