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SPX Update for week ending 23 August 2019

SPCFD:SPX   S&P 500 Index
Week update for week ending 23 August 2019
In Bear territory.

Projected range for upcoming week 2896 - 2802
Price Projection:
HMA: Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bullish"
5 RSI: Negative
Consolidation: In Consolidation between 2822 - 3025
Price-Trend: .6x ATR

Daily for 23 August 2019
In Bear territory.

Price Projection: 2782 - 2678
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: Broken to the low
Price-Trend: 1.7x ATR

Spent the week neutral. The Weekly is still holding on to that neutrality within the consolidation range. Current strength is demonstrating a push through the floor toward a pocket of 2782 - 2678. Generally this pocket is formed due to the neutrality and can tighten if strength continues.
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