A Quick $SPX Analysis

The S&P 500 is trending up since bottoming on October 13, 2022. It has cleared a few critical resistance levels and broken above bullish chart patterns since then. The probability is high that the upswing will go on for some time. Monthly Timeframe Fig 1. tells a good story of the S&P 500. The logarithmic…

Morning Notes – Friday, June 16, 2023

Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Moving up since 10:15 PM from a low of 4459.75 to 4485.50, the high of Thursday, forming a cup pattern. The odds are for an up – watch for a break below 4468.75 for a change of sentiments The major economic data report…