The Index started to selling off again heading into the afternoon session. Price came close to this week's low made on Monday, but it held. Now price is trading almost unchanged for the day, down -.09%.
In the mid-term, as long as the price holds above the trendline, the S&P500 is looking bullish. From a swing trader point of view, the index will not look bearish until it consolidates below 3500. The keyword here is to consolidate! This market has seen a lot of false breakouts whether it's a bullish or a bearish move.
In the mid-term, as long as the price holds above the trendline, the S&P500 is looking bullish. From a swing trader point of view, the index will not look bearish until it consolidates below 3500. The keyword here is to consolidate! This market has seen a lot of false breakouts whether it's a bullish or a bearish move.
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Related publications
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.