HAL9000

7 days down, 7 days up... And then?

SP:SPX   The S&P 500 Index
63 0 1
SPX             now up 7 days in a row, after being down 7 days.
Rebounded violently (+3.8%) on the MA200 support.

Now EXACTLY mid-way between:
- Current historical high turned resistance (+1.36%)
- Previous historical high turned support (-1.36%)
Talk about a coincidence, and indecisiveness...

Rounding top negative formation invalidated for now
Up-trend confirmed above 2,193.81
Downtrend confirmed below 2,134.71
Comment: We are now a few points away from the next resistance/historical high at 2,193.81. The SPX has been going up in a straight line: +4.7% in 11 trading sessions. All the while, US treasury yields have soared and the dollar keeps going higher. The least we can say is that correlations are all over the place and something should give... Betting that the S&P will not break out on a Friday and will take a breather on options expiration day...
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out