S&P 500 IndexLong
SPX500: Re-Iterating Monthly Long |Target 3500 for 2019
Are we bag holders going long? Surely, it seems that way and feels that way, but there is no reason to go short. I anticipate that going into 2019, the short, bears and doom-sayers will be caught in a trap.
The SPX500 drop is an opportunity to go long. First, I did a daily analysis, then a weekly and now a monthly analysis.
Monthly:
MACD still positive
Stoch oversold
Monthly supports still intact
RSI dipped below 50, so, we wait to add more to the long side week the weekly steam picks back up.
Weekly: s3.tradingview.com/f/fRWzQ8Kv_mid.png
The SPX500 drop is an opportunity to go long. First, I did a daily analysis, then a weekly and now a monthly analysis.
Monthly:
MACD still positive
Stoch oversold
Monthly supports still intact
RSI dipped below 50, so, we wait to add more to the long side week the weekly steam picks back up.
Weekly: s3.tradingview.com/f/fRWzQ8Kv_mid.png
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