Technical Analysis and Outlook
The S&P500 index closed higher and by doing so, obsoleted the relatively weak Key Res 3016. The higher-range closure sets the stage for a steady to higher advancement towards the Inner Index Rally 3040, and ultimately to the Outer Index Rally 3125 (The sixth phase). Currently, there are no significant resistance levels: the downside there is established Mean Sup 2976, and distance Key Sup marked at 2914.
The S&P500 index closed higher and by doing so, obsoleted the relatively weak Key Res 3016. The higher-range closure sets the stage for a steady to higher advancement towards the Inner Index Rally 3040, and ultimately to the Outer Index Rally 3125 (The sixth phase). Currently, there are no significant resistance levels: the downside there is established Mean Sup 2976, and distance Key Sup marked at 2914.
Note
To continue the rest of the S&P 500 story, see 'Stock Market Indices Commentary July 26, 2019 page, at TradingSig_dot_com.
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.