Long
SP500 Initial Weekly Analysis
SP500 is showing some clean price action compared to US30. An area of confluence can be seen at the Fibonacci 50% retracement level. If this bias holds, then we could see the SP500 create new highs in the upcoming weeks. Currently, we do have some higher timeframe candles showing a consolidated area that will eventually brake. Let's keep track of this one and update as needed.
Note
Analysis still in play as discussed.Note
This analysis is complete. To the T
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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.