💾 SPX Looking Quite Strong, Technically Speaking

Multiple bullish signals revealing strength on the S&P 500 Index (SPX) chart.

We are not talking politics, nor earnings, nor inflammation nor anything of that nature... We are talking about the signals coming from the charts.

These charts have proven to be at least 3,000% more accurate than any expert and news channel host forecast.

But the charts do not predict the future, the charts only tells us what happened in the past and what is happening right now.
(We can predict the future not the charts)

The future is uncertain, human action, but more uncertain is relying on information coming from news channels that always twist what they have to say.

Ok, the SPX signals... I get carried away always.

• SPX moves above MA200 after trading below this level on a bullish bias since May 2020. 21-January-2022 the SPX moved and stayed below this line.
  
• There was a short period in early 2022 when the SPX moved above MA200 but it was already going bearish.
  
• Strong RSI above 59.
  
• Above all our emas, these are EMA10, EMA21, EMA50 and EMA100. Only EMA300 remains as resistance.
  
• Moving above the major downtrend that started January 2022, first ever.
  
• Higher low in December 2022 vs October 2022.
  

These are mostly bullish signals.
The week starting green is also bullish.

The bullish bias remains strong above 3900.
The SPX going below this level still remains bullish but the bias is weakened, a lot.

Any trading above 3900 and we are strongly bullish on this index in the short and mid-term.

Read the Tesla trade idea I just shared for additional info on why.

Remember to boost 🚀, like, follow and send kisses and hugs to show your support... Just kidding!

Namaste.