The index is nearing resistance this week with "Nasdaq" and "Russell 2000" lower yesterday increasing the risk that the "S&P 500" follows lower today.
This is a neutral outlook. Based upon my previous chart the most likely path for the next days is a pullback. But until the open gap between 2741.47 to 2741.38 is filled the bulls continue to have strong target higher.
Open Gaps
Direction: up
May-10-2018
2701.27 to 2704.54
Direction: down
Mar-19-2018
2741.47 to 2741.38
Direction: down
Feb-02-2018
2812.7 to 2808.92
Direction: down
Jan-30-2018
2851.48 to 2837.75
The path taken so far has been the gray colored upmove fractal. If this repeats then the "S&P 500" could be lower during the next days.
This is a neutral outlook. Based upon my previous chart the most likely path for the next days is a pullback. But until the open gap between 2741.47 to 2741.38 is filled the bulls continue to have strong target higher.
Open Gaps
Direction: up
May-10-2018
2701.27 to 2704.54
Direction: down
Mar-19-2018
2741.47 to 2741.38
Direction: down
Feb-02-2018
2812.7 to 2808.92
Direction: down
Jan-30-2018
2851.48 to 2837.75
The path taken so far has been the gray colored upmove fractal. If this repeats then the "S&P 500" could be lower during the next days.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.