samitrading

SPX's One hell of a gap. I wonder why all these gaps ?

samitrading Updated   
SP:SPX   S&P 500 Index
Breaking out off our last high is the first sing of bullishness = Higher highs.
Breaking out of the sloping trend line is 2ed sing of a trough is already in place.
Comment:
We just witnessed a break out of 3 resistance in just one candle !!! + 50d MA !!!

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***


twitter.com/samitrading1
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.