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Ronald_Ryninger

SPN 4/14/2021

Largo
S&P 500 Energy (SP:SPN)  
Ronald_Ryninger  
SP:SPN   S&P 500 Energy
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
Noteworthy:
  • Energy sector spiking today on news EIA raised demand outlook for crude
Overview:
  • SP500 continues bull rally
  • As lockdowns ease and vaccines become more prevalent demand for oil goes up with increased travel
Bullish Trend Continues:
  • RSI breaks 57.60
  • SPN closes about 370.30
  • MACD fast crosses above slow
Trend Assessment Was Wrong:
  • SPN close below 370.37 (21 EMA)
  • RSI less than 50
  • MACD slow cross below 0

Disclaimer
Not investment advice. Thinking out loud in a crowded room.
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com

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