S&P 500 Still Making Good Progress
The S&P 500 made good progress in March, but the buyers fell off slightly by the end
of the month, giving the sellers room to pull price down.
Although the end of March and the start of April experienced a decline, this is just a
pullback for now, and we can anticipate a continuation to the upside.
Friday’s candle closed as a reversal candle just above the 200 simple moving average
support zone. As we enter a new week, we want to see a bounce from support with
some bullish candles.
Further moves to the upside should follow a break and close above the March 29th high.
Then we want to see a move above the next resistance level, which is the all-time high at $4818.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
of the month, giving the sellers room to pull price down.
Although the end of March and the start of April experienced a decline, this is just a
pullback for now, and we can anticipate a continuation to the upside.
Friday’s candle closed as a reversal candle just above the 200 simple moving average
support zone. As we enter a new week, we want to see a bounce from support with
some bullish candles.
Further moves to the upside should follow a break and close above the March 29th high.
Then we want to see a move above the next resistance level, which is the all-time high at $4818.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Join Our Private Community
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Join Our Private Community
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.