Welcome to S&P 500 analysis. Very bullish end of the week. White marubozu on daily interval. What is important we finished week near to the important resistance on hourly/daily chart. I think it will give us the answer whether it is just a rebounce and we are going back to 1860 -> 1820. Or we are still on bull market.
Below you will find updated charts of S&P 500 – on hourly, daily and weekly interval!
S&P 500 analysis – hourly.
1916-1920 tested. Next resistance level that is important in my opinion -> 1940-1960. If it breaks we are going to 2000-2020. If not, I think 1860 -> 1820 and mid term sentiment will change.
S&P 500 analysis – daily.
Take a look at volume. Another session with big volume. 1940-60 very important at this moment.
S&P 500 analysis – weekly.
Last 2 week candles look similiar to 10.2014, 08.2015 and 10.2015. Is it going to happen again?.
What is your opinion about market? Please add you comment below.
