SPX 500 Index, Daily Chart Analysis May 2

TVC:SPX   S&P 500 Index
Technical Analysis and Outlook
The S&P 500 index following a retreat on May 1, allowed us to unload our long position at Inner Index Rally 2953 completion. At the same time, we have reentered the market at Mean Sup 2915 for the fifth phase up movement marked the long-standing Outer Index Rally 3000.

On the down-side, we have very solid Key Sup 2898 - we shall observe this market anxiously for possible adding on new positions. See latest Market Commentary, at TradingSig_dot_com.
@TradingSig Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
TradingSig IgorPorokh
@IgorPorokh, With TSS I’m sure it will all turn out well in the end - a matter of fact very well:)
+1 Reply
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