D Hawkins

6
Mar

S&P 500 Short Term – In Strong Uptrend

Posted by D Hawkins

This is my weekly update of the short term (daily bars) status of the S&P 500.

It’s now in a strong uptrend.  This past week, it broke above R1 and is surging strongly.  Now we can see that this is part of an uptrend that started in early February.  This is being tracked by a two-fold hierarchy of support curves, the light green ones.

To watch for this coming week – how it behaves at the resistance level of the January highs.

^GSPCdailyShow

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