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SPN 4/14/2021
S&P 500 Energy
Long
SPN 4/14/2021
By Ronald_Ryninger
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Apr 14, 2021
1
Apr 14, 2021
Noteworthy:
Energy sector spiking today on news EIA raised demand outlook for crude
Overview:
SP500 continues bull rally
As lockdowns ease and vaccines become more prevalent demand for oil goes up with increased travel
Bullish Trend Continues:
RSI breaks 57.60
SPN closes about 370.30
MACD fast crosses above slow
Trend Assessment Was Wrong:
SPN close below 370.37 (21 EMA)
RSI less than 50
MACD slow cross below 0
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
Chart Patterns
Technical Indicators
Trend Analysis
Ronald_Ryninger
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