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S&P 500 Index

S&P 500 Weekly Outlook Short term bullish - long term bearish

By atlas1857
Updated
Hit all time highs 2900 - rolling into selling pressure with sharp declines. Expecting the rally to continue into recent highs with more selling pressure pushing price back into the range with downside opportunity. Watching for short opportunities above ~2850 if price continues to be rejected at resistance.
Note
Price rising into pressure. Still looking for continuation until price starts to exhaust.
Beyond Technical AnalysisChart PatternspriceactionanalysispriceactiontradingTrend Analysis
atlas1857

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