SP500 appears to be headed higher. The most widely used indicators MACD, RSI and 5/20 EMA are showing bullish. Most important is the RSI, a bullish signal formed when the RSI stayed within a tight range below the 50 than retraced above the 50 level.
Anyone's guess how much higher it can go, but with current analysis, I see the previous highly range being tested.
- Same time the MACD signal went positive
- Breakout of range
- Above anchored VWAP from the low
- RSI above 50
Anyone's guess how much higher it can go, but with current analysis, I see the previous highly range being tested.
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.
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.