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RKchartest

SP500 headed higher

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
RKchartest  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Technical Indicators SPDR S&P 500 ETF (SPY) ES es_f S&P 500 E-Mini Futures SPX (S&P 500 Index) S&P 500 (SPX500) sp500index
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trendanalysis indicator spy es es_f es1! spx spx500 sp500index
SP500 appears to be headed higher. The most widely used indicators MACD, RSI and 5/20 EMA are showing bullish. Most important is the RSI, a bullish signal formed when the RSI stayed within a tight range below the 50 than retraced above the 50 level.

  • Same time the MACD signal went positive
  • Breakout of range
  • Above anchored VWAP from the low
  • RSI above 50

Anyone's guess how much higher it can go, but with current analysis, I see the previous highly range being tested.
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