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asharifan
Jun 17, 2023 5:53 AM

SPX500 needs a rest.  

S&P 500SP

Description

obviously, the overall trend of SPX and all other indexes is bullish.
but, as all of them has stretched from their key moving averages, I expect a correction and I hope it will be in shape of a continuing base instead of a sharp pullback.
it can be a new chance to buy the proven leading stocks.
So, I see the market in neutral or even negative for very short-time and a strong bullish long-term trend.
Friday daily candle and its volume helps this scenario.

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Comments
elyask120
Cant ignore that last daily volume bar!
asharifan
elyask120
Solid and clear analysis brother!
asharifan
@elyask120, thanks 👍
MartinSchnellmann
Thankyou
asharifan
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