DAILY CHART
WEEKLY CHART
WEEKLY LINE CHART
- S&P 500 has closed above its 20 and 50 DMA. The index is approaching its 200 DMA.
- The weekly chart also has the negative cross of 20 week going below 50 week.
- But in the short term this may not be effective since the index has closed above 50 week moving average we may get a small rally from here.
- If the pattern in the weekly line chart performs to potential the small rally can become big. The pattern comes with huge upside potentials.
- ASCENDING TRIANGLE OF S&P 500
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