SP500: Bulls Remain Intact
Aug 19, 2024

SP500

SP500 with ticker $SPX made a nice August slow down based on seasonality chart, but we warned about a huge green weekly candle away from base channel resistance line that act as a support. A week later, we got another huge green weekly candlestick, which indicates that bulls are strong, so $stocks will most likely stay in the uptrend in current risk-on sentiment. How long until SP500 hits new all-time highs?

SP500: Bulls Remain Intact SPX Weekly Chart From August 12
SPX Weekly Chart From August 12
SP500: Bulls Remain Intact SPX Weekly Chart From August 19
SPX Weekly Chart From August 19

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