SPX: Bullish Momentum Shift Confirmed After Clean Pullback

SmartReversals
11-29

$S&P 500(.SPX)$ : Bullish MACD Crossover bouncing at neutral zone validating a momentum shift.

The diagonal resistance has been breached. Bullish momentum is on, and the healthy -5.5% pullback is complete.

$iShares Russell 2000 ETF(IWM)$ rallied this week as posted in my newsletter last Saturday,

$Meta Platforms, Inc.(META)$ $Wal-Mart(WMT)$ as well.

$Workday(WDAY)$ printed a bullish dragonfly at the lower Bollinger band, suggesting a bounce to $227.

For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment