Get started
Luettis

S&P 500 bullish

Long
S&P 500 Index (SP:SPX)  
Luettis  
SP:SPX   S&P 500 Index
Trend Analysis Technical Indicators S&P 500 (SPX500) spx500long
0
1
trendanalysis indicator spx500 spx500long
The S&P 500 index has broken out of the symmetrical triangle to the top. With this movement it crossed also the resistance at 2692 and re-entered the ascending trend channel.

This very bullish trend is confirmed by RSI (crossing up the falling trend) and MACD (trigger crossed signal to top) - and MACD in bullish zone.

First aim could be 2790 (turning points within the triangle) - second aim the old ATH at 2848.

Stop:
below 2594 (swing trendline)

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.