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Sandp500long

Mar 3, 22 S&P 500-R we ready to go longThis is the weekly chart and with only tomorrow left for this week, will it actually end positive for the week? And what about last week - Hammer candle? Bullish maybe? Hopefully? And this weeks candle might end off with a bullish hammer candle also(or positive?) Also, the AO is showing GREEN for this week so that's positive right? Hard to say with this war going on and it looks like there is no slowing down either - who knows how many more weeks it will last. But..... What if price will actually finally go up? This would be nice. Naturally, who knows what will happen but everything is there for price action to go up, so I guess we shall see. Any comments from any hardcore index followers as to which way the S&P will go next week?? I welcome your comments :-) Stay Safe. Heiko
FOREXCOM:SPX500Long
by HEIKOTradingSystem
4
Angle of the January-April Bull Rally Is One of Many Red FlagsSPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe, slowing China) and oscillators which indicate overbought, SPX is probably in for a bit of a healthy pullback.
SP:SPXShort
by WhiskeyTangoFoxtrot3
2