TradingSig

S&P 500 Weekly Daily Chart Analysis For Feb 22, 2021

TVC:SPX   S&P 500 Index
Technical Analysis and Outlook
The Index completed Outer Index Rally $3,950 and is pushing to ''Buy Zone'' at or thereabout Mean Sup $3,712. This stands for buying once the prices drop to this zone with anticipation to advance to test Key Res $3,935 and a retest of the Comp. Outer Index Rally and push higher to fulfill Inner Index Rally (Expended Outer Index Rallies). This would argue a higher high into summer, and then the market dropping in the Fall. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For February 22, 2021" at the usual site.

Comments

@TradingSig how does this stack up, looks like a bull trap, but very bullish price action and far away for a mean support retest? anything changed after the Monday move?
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TradingSig foldthemarket
@foldthemarket, Nope, the movement is on
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Good job)
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Total agree, good!
Reply
TradingSig Henry_Ross
@Henry_Ross, Thank you
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