SPX has reached the top.
Based on a 3m period, SPX looks like it reached the top.
1 Year range looks very bullish, usually when you have a closed above the RANGE (Red line) its bullish, the price can go ballistic to the upside. This can be a fake-out too, we might have a big red candle at the end of the year.
Time will tell, i don't trade SPX but if i will buy this stock, i will buy it at the RANGE (Green Line) or when its too close to it.
Based on a 3m period, SPX looks like it reached the top.
- Previous 3m candle closed below previous month. Signs of top, it can be fake-out but its near the RANGE (Red line)
- The G2S is in the bear market. The black indicator line is below the G2S (Blue Line)
- The 3m BREAKOUT indicator makes a lower high while price makes a higher high.
1 Year range looks very bullish, usually when you have a closed above the RANGE (Red line) its bullish, the price can go ballistic to the upside. This can be a fake-out too, we might have a big red candle at the end of the year.
Time will tell, i don't trade SPX but if i will buy this stock, i will buy it at the RANGE (Green Line) or when its too close to it.
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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.