Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 3044.27 - 3141.93
No Conolidation Exists at this time
Out of the combined (weekly & daily) indicators monitored, 0.00% are bearish, 100.00% are bullish and 0.00% are neutral
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Bullish
The strength demonstrated over the last 5 weeks is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 3093.10 - 3110.70
Price Consolidation has formed between: 3065.9 - 3097.8
The prices have moved 3.4 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Bullish
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
The SPX appears at this point to have exhausted most upward strength. It was has been a five week climb to the new highs.
The price projection from the week of 14 October had a target of 3057.65 which was filled this week.
A gap exists from October 10 - 11 between 2948 - 2963.
While this is a BULL run, to solidify the foundation, anticipate a possible fill of this gap.
Excellent place for a buy opportunity.
Call neutral due to no targets on weekly/daily chart and gaps in the prices.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 3044.27 - 3141.93
No Conolidation Exists at this time
Out of the combined (weekly & daily) indicators monitored, 0.00% are bearish, 100.00% are bullish and 0.00% are neutral
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Bullish
The strength demonstrated over the last 5 weeks is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 3093.10 - 3110.70
Price Consolidation has formed between: 3065.9 - 3097.8
The prices have moved 3.4 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Bullish
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
The SPX appears at this point to have exhausted most upward strength. It was has been a five week climb to the new highs.
The price projection from the week of 14 October had a target of 3057.65 which was filled this week.
A gap exists from October 10 - 11 between 2948 - 2963.
While this is a BULL run, to solidify the foundation, anticipate a possible fill of this gap.
Excellent place for a buy opportunity.
Call neutral due to no targets on weekly/daily chart and gaps in the prices.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
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.
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.