SPX Daily Chart: Bullish Signals Emerging, Key Checkpoints Ahead

SmartReversals
07-27

$S&P 500(.SPX)$ - Daily Chart:

Promising move, the inverted hammer had validation, since today’s opening was above the previous day’s body.

50DMA was recovered, and Williams%R is showing a move comparable with the last bottom.

There are two pending checkpoints: Jumping above the 5DMA, which is still governing the very short term trend, and triggering a bullish crossover in Stochastic.

Today’s candle was not an example of conviction, but is not bearish either; and volume was high.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$

ImageImage

https://x.com/SmartReversals/status/1816929818224582709

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.

Report

Comment（3）

  • Top
  • Latest
  • YueShan
    ·07-30
    Good⭐️⭐️⭐️
    Reply
    Report
  • KSR
    ·07-28
    👍
    Reply
    Report
  • Tom Chow
    ·07-28
    👍
    Reply
    Report