SP500 (Y20.P4.E2)Macro.Bullish channel

6 нояб. 2020 г.

Hi All,

From a monthly perspective, all looks bullish.
On the daily, there is a 2 scenarios, both are bullish:

a) a breakout to the upside from here and
b) more ranging movement in this area, chart below before breaking up to the upside. completing an elliot ABCDE symmetrical triangle of some sort.
Hence a medium macro bull flag or consolidation just under the main resistance.
Note: USD is more bearish tone than bullish in the short term. Chart below.

From a weekly perspective we have the following:


Daily chart, (a.chart)


Note: DXY, USD has pulled back recently which gives gains for stocks. Still in sync with my original post, link below


Please give me a like or tick for this posting;


Regards,
S.SAri

7 нояб. 2020 г.

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G.Chart

7 нояб. 2020 г.

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closed with a bullish candle on the daily

9 нояб. 2020 г.

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breakout happened today.

11 нояб. 2020 г.

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still upward pressure

16 нояб. 2020 г.

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