erdem_bilgin

Positive Divergence on the S&P Weekly Chart

Long
TVC:SPX   S&P 500 Index
After a long and back-breaking bearish period, we're seeing a positive divergence on the RSI for the weekly chart of the S&P 500. In addition, there is a bullish hammer candlestick this week. Might these indicators work and cause a market shift upwards? We'll see...
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.