Since August 2019, the S&P 500 has entered into a "Channel" formation between 2823-2946, with trading being quite choppy ever since.
Despite the market's volatility throughout August, it appears that the S&P 500 is making strides in trying to exit this "Channel" pattern to the upside.
Two indicators to support the S&P500's move higher is:
1) The S&P 500's rising RSI momentum ("Higher Lows and Higher Highs") indicating investors are steadily moving back into the index; and,
2) The S&P 500 is still above its green trend line indicating that the upward momentum is still intact.
If these two trends hold, we could see prices making a move higher to 2980 - a Key Monthly Resistance Level (Blue)
Despite the market's volatility throughout August, it appears that the S&P 500 is making strides in trying to exit this "Channel" pattern to the upside.
Two indicators to support the S&P500's move higher is:
1) The S&P 500's rising RSI momentum ("Higher Lows and Higher Highs") indicating investors are steadily moving back into the index; and,
2) The S&P 500 is still above its green trend line indicating that the upward momentum is still intact.
If these two trends hold, we could see prices making a move higher to 2980 - a Key Monthly Resistance Level (Blue)
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。