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UnknownUnicorn1156963

SP500 still has room to the upside before decline

UnknownUnicorn1156963 Actualizado   
CME:SP1!   None
Technical Indicators Trend Analysis Chart Patterns sp500index sp500future SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index) US SPX 500 DOW dowjones dowjonesindustrial
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indicator trendanalysis chartpattern sp500index sp500future spy spx500 spx spx500usd dow dowjones dowjonesindustrial
Not much has changed in the stock market. We are still in the same range. Based on the rejection we got last week, we can expect SP500 to test 32xx range (possibly even higher to form a double top near 3400). Advanced Decline Line broke higher than it was at the beginning of this year. That is bullish for the short-term. Based on cycles, we can expect trend reversal to the downside after July 20. Intraday trading is still the best idea for SP500 traders.
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