ssari

SP500 (Y20.P4.E2)Macro.Bullish channel

Long
ssari Updated   
OANDA:SPX500USD   S&P 500 Index
Hi All,

From a monthly perspective, all looks bullish.
On the daily, there is a 2 scenarios, both are bullish:

a) a breakout to the upside from here and
b) more ranging movement in this area, chart below before breaking up to the upside. completing an elliot ABCDE symmetrical triangle of some sort.
Hence a medium macro bull flag or consolidation just under the main resistance.
Note: USD is more bearish tone than bullish in the short term. Chart below.

From a weekly perspective we have the following:

Daily chart, (a.chart)

Note: DXY, USD has pulled back recently which gives gains for stocks. Still in sync with my original post, link below

Please give me a like or tick for this posting;


Regards,
S.SAri
Comment:
G.Chart
Comment:
closed with a bullish candle on the daily
Comment:
breakout happened today.
Comment:
still upward pressure
Comment:

Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.