SP:SPX   S&P 500 Index

It's time for a brand new S&P500 analysis.

S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further.


YELLOW LINE: Broken trendline in the middle of the other two.
RED LINE: The bottom trendline which is the current support IF S&P500 falls.
LIGHT LINE: Current resistance level . It shows that we will probably end up having 2950 points at least on S&P500 .
ORANGE LINE: The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500 .
DARK BLUE: The current horizontal support level . ( This is more likely to happen rather than RED LINE )

The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish .

Pst. Click that follow button by the way! ;)

See you soon!
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