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S&P 500 Index
Long

💾 S&P 500 Index | Strong Bullish Confirmation

610
We have really strong confirmation for the case of additional bullish action when we look at the weekly SPX chart.


S&P 500 Index Weekly Standard Bullish Signals

  • Trading above EMA300/MA200 (long-term).
  • Trading above EMA10/21/50/100 (short/mid-term).
  • Very strong RSI (57).
  • Major one-year-long downtrend broken. (From January 2022 to January 2023).
  • Crossing through red cloud. (Down through the green clouds, up through the red clouds).
  • Two weeks sideways consolidation above EMA50 and the rest of the moving averages.


All these are very strong bullish signals as this is the weekly timeframe.

How far up will it go?

In this wave the main target is 4641... We will look at the rest on a different occasion.

Thanks a lot for your continued support.

Namaste.
MasterAnanda
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Beyond Technical AnalysisTechnical IndicatorsSPX (S&P 500 Index)Trend Analysis

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Beyond Technical AnalysisTechnical IndicatorsSPX (S&P 500 Index)Trend Analysis
MasterAnanda
🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)

💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119

🏆 FREE Trade-Numbers
anandatrades.com
Also on:

Related publications

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.