LandenInternational

S&P & DJI Showing Strong P Action

TVC:SPX   S&P 500 Index
Both S&P and Dow creeping up to the mid point of their respective inner upward channels and flexing their strength. These markets aren’t out of the woods just yet and with Q2 yet to close out with one more month to go, will we see these markets pop up to the previous highs and safety point or trickle back down like mid Feb/march’s P action. A break of 2723.3 on the S&P and 22931.5 on the DJI I’ll be very bearish , however for the time being strength is being shown.

The following still applies, just updated overview charts:

S&P: If P action closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall

Dow: The same flows for Dow Jones with P action closes below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out