jasperlawler

S&P 500: successful test of Jan highs points to higher prices

Long
SP:SPX   S&P 500 Index
S&P is trending higher. The January resistance breaking and becoming support is bullish

Scenario A) pullback is over, price continues higher to 3000
Scenario B) small double top at 2900 pointing to break back through Jan high

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.