SP500 beautiful uptrend
The moving average you see drawn in blue is 26 weeks = 6 months.
If we stay above this line, there is no reason to think we won't go higher; in fact, this level is a great place to enter a position.
There is also horizontal support around $450.
If we stay above this line, there is no reason to think we won't go higher; in fact, this level is a great place to enter a position.
There is also horizontal support around $450.
Note
Broke and tested 26 ema on the upside.I expect we see the SPY to stay within its large horizontal range for some time.
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.
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.