AM.98

SP500 On Steroids With No signs Of Pullback

Long
TVC:SPX   S&P 500 Index
Hello everyone, if you like the idea, do not forget to support with a like and follow.

SP500 made a new high yesterday and it's looking to make new ones until the Friday closure.

We are heading to 1.618 fib level after breaking the middle line of the channel.

A breakage of the 1.618 level will take us to retest the upper trend line of the channel.

EMA100 seems to holding nice as a support and MA200 yet to be touched from November.

Overall very bullish but until when ?

Beyond technical levels, the S&P 500s already bullish backdrop has strengthened on the start of April and all technical trends continue to point higher.

I will updating this idea, stay tuned.

Thank you for reading my post, have a great day, wish you all the best !

Information provided is only educational and should not be used to take action in the market.

Feel free to ask anything in the comments :)