S&P 500 Bullish until July?
After further analyzing the trend the S&P 500 continues to find support on this uptrend channel as well as the RSI on the Daily time frame. This leads me to believe that the S&P 500 is going to continue to rally higher. Next Target for me is 2992. This of course is negated if the upwards supporting trend line is broken on both the RSI and the price. Eventually we will have to get a break out below the support and undergo a correction and based on the timeline I am looking at we could continue to rally until sometime in July or late June. So for now go long my previous short position was closed at the support level since it did not get broken. So for now longing is the way. :) If you like my analysis give me a like and follow for more content thanks :)
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