Was That An S&P 500 Reversal? Most Probably Not

in #money4 years ago

Despite opening with another bullish gap, the buyers just could not push stocks higher yesterday. But the futures have rebounded in the overnight trading. So can the S&P 500 upswing continue now?
Let’s check yesterday’s developments on the daily chart (charts courtesy of http://stockcharts.com ).

S&P 500 in the Short-Run

(Image not shown due to low ratings)

(Image not shown due to low ratings)

(Image not shown due to low ratings)


(Image not shown due to low ratings)


(Image not shown due to low ratings)


Images were hidden due to low ratings.
Sort:  

Source
Copying/Pasting full or partial texts with adding very little original content is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.

If you believe this comment is in error, please contact us in #appeals in Discord.

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.fxstreet.com/analysis/was-that-an-sp500-reversal-most-probably-not-202004291359