S&P 500 - Possible Candlestick Evening Star
The S&P 500 (SSO 200% of SP 500 ETF) created an up gap on opening and held the gap breaking through a week resistance of of 1350 on the S&P.
It was also the eighth day of a strong bull run.
Yesterday candlestick formation could be defined as a Evening Star. The previous day was up and [...]
S&P 500 Resists 200 Moving Average and is Now in Short and Long Term Uptrend
The SPY (proxy for the S&P 500) recently confronted quite a few technical opportunities and in each case, indicated that the index wants to go higher.
First technical challenge was the prior low set in March as 125. Recent action took the index to the low but did not penetrate thus creating a double bottom. This [...]
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