SP500 is still demonstrating strength.
While Tuesday has placed the index in consolidation between 2952.22 - 2977.93
Weekly charts are caught in consolidation 2887.30 - 2964.15
A indicator triggered that SP500 has a desire to attempt to reach 3035.18 which would break both consolidations
While prices to HMA relationship is saying that a strong bull exists. The consolidation anchor bar is a negative bar and this projection might be the SP500 just calling out a future objective. Should the bull wane along with the DJI loss of strength, then the beginning would be to return to previous consolidation range 2912.99 - 2946.52. The negative anchor bar on the consolidation indicates the possibility of 2948.44 if the bar were to be examined all by its lonesome.
While Tuesday has placed the index in consolidation between 2952.22 - 2977.93
Weekly charts are caught in consolidation 2887.30 - 2964.15
A indicator triggered that SP500 has a desire to attempt to reach 3035.18 which would break both consolidations
While prices to HMA relationship is saying that a strong bull exists. The consolidation anchor bar is a negative bar and this projection might be the SP500 just calling out a future objective. Should the bull wane along with the DJI loss of strength, then the beginning would be to return to previous consolidation range 2912.99 - 2946.52. The negative anchor bar on the consolidation indicates the possibility of 2948.44 if the bar were to be examined all by its lonesome.
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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.