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S&P 500 Index

S&P 500 Breakout Possible

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Trapped in a descending triangle on the Daily, a typically bearish pattern, SPX500 may break out bullishly as pressure on the weekly builds. Indicators broadly show they are nearing bullish levels and the ADX trend line has reached a trough, indicating the current cycle may be finished.

snapshot
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Chart PatternsTechnical IndicatorsTrend Analysis

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.
Chart PatternsTechnical IndicatorsTrend Analysis
CasualFinance

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.