SPX: The bull trend still persists!
Hello traders and investors! Let’s see how the index is doing today!
The index is performing very well these days, and it is frustrating the expectations of the bears again. It defeated the black line at 3827, which seems to be a Key Point for SPX, as it worked as support and resistance a few times in the recent past. Now, this point is supposed to work as a support level, according to the Principle of Polarity.
What’s more, we have the 21 ema as a support, but we can’t rely too much o that at the moment. It seems the index will try to fill its another gap, and even retest the green line.
In the daily chart, the index triggered the Downside Tasuki Gap, which we mentioned in my last analysis (I did the analysis before the market close, right now it seems it is more a big Harami pattern), and now the index is just resuming the trend.
The index would be more bullish if it closed above the 3827, so, the situation is not easy to read. The volume was quite low these days, but it seems the bull trend is still here. We must keep our eyes open, and if you liked this analysis, remember to follow me, and support this idea!
Thank you very much.
The index is performing very well these days, and it is frustrating the expectations of the bears again. It defeated the black line at 3827, which seems to be a Key Point for SPX, as it worked as support and resistance a few times in the recent past. Now, this point is supposed to work as a support level, according to the Principle of Polarity.
What’s more, we have the 21 ema as a support, but we can’t rely too much o that at the moment. It seems the index will try to fill its another gap, and even retest the green line.
In the daily chart, the index triggered the Downside Tasuki Gap, which we mentioned in my last analysis (I did the analysis before the market close, right now it seems it is more a big Harami pattern), and now the index is just resuming the trend.
The index would be more bullish if it closed above the 3827, so, the situation is not easy to read. The volume was quite low these days, but it seems the bull trend is still here. We must keep our eyes open, and if you liked this analysis, remember to follow me, and support this idea!
Thank you very much.
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