S&P500 INDEX - Printed Another All-Time High - Continues the Bullish Run - 07/17/2017 (GMT)
- Who voted?
- 608
- 0
- Timeframe : Daily
S&P500 INDEX Chart
The S&P 500 index climbed more than 15% since November of 2016 and is posting the fourth positive month in a row. Over the last week, the index created another fresh all-time high at 2463 and continues the bullish movement after the pullback on 2032 support handle. Our expectation is further incline move until a significant event drives the index lower.
From a technical point of view, the RSI indicator is holding within the 50 and 70 level but is moving with weak momentum over the last sessions. Additionally, the MACD oscillator surpassed the trigger line and is rising above its mid-level. The three simple moving averages (50, 100 and 200) are moving higher endorsing the thought for rising.
From a technical point of view, the RSI indicator is holding within the 50 and 70 level but is moving with weak momentum over the last sessions. Additionally, the MACD oscillator surpassed the trigger line and is rising above its mid-level. The three simple moving averages (50, 100 and 200) are moving higher endorsing the thought for rising.
This member did not declare if he had a position on this financial instrument or a related financial instrument.
Add a comment
Comments
0 comments on the analysis S&P500 INDEX - Daily