The S&P 500 has created a nice launch pad for a very strong rally in March.
China bottomed (1), Oil double bottomed (2) and on the S&P 500 daily chart the MACD histogram is bullish , as well as the Vortex trend and the SMA 14. and many other indicators.
Entry: Below 1940 (current close around 1930-1935)
1. Target: 1970
2. Target: 2014
3. Target: 2060
Stop loss: 1880
(1)
(2)
China bottomed (1), Oil double bottomed (2) and on the S&P 500 daily chart the MACD histogram is bullish , as well as the Vortex trend and the SMA 14. and many other indicators.
Entry: Below 1940 (current close around 1930-1935)
1. Target: 1970
2. Target: 2014
3. Target: 2060
Stop loss: 1880
(1)
(2)
Note
26 days later the S&P 500 has rallied strongly and approached closely to my resistance of 2059 points with a potential trend reversal after the terror attacks in Brussels today (March 22).I noticed a bearish divergence on the MACD in comparison to the rally:
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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.