S&P 500 Just Hit a New All-Time High (ATH) 🚀
The index has been in a strong uptrend for over a decade, consistently printing higher highs (HH) and higher lows (HL).
Every major resistance level has flipped into support, classic bull market structure.
Even during corrections, the 33 EMA and 100 EMA have acted like dynamic support zones.
Now that SPX has cleared its previous ATH, the structure remains intact, unless a strong breakdown occurs, momentum is still with the bulls.
The index has been in a strong uptrend for over a decade, consistently printing higher highs (HH) and higher lows (HL).
Every major resistance level has flipped into support, classic bull market structure.
Even during corrections, the 33 EMA and 100 EMA have acted like dynamic support zones.
Now that SPX has cleared its previous ATH, the structure remains intact, unless a strong breakdown occurs, momentum is still with the bulls.
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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.
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.