SPX Update for week ending 13 September 2019

Week update for week ending 13 September 2019
In Bull territory.

Projected range for upcoming week 3060 - 2953
Price Projection: 3086.99
HMA: Neutral Bull
Bull RSI: Bullish
Bear RSI: Neutral Bear
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 2822.1 - 3025.6
Price-Trend: 1.3x ATR

Daily for 13 September 2019
In Bull territory.

Price Projection: 3064.76
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 3000.9 - 3020.7
Price-Trend: 2.2x ATR


Comments: Be concerned about 3050. This can be a resistance zone and an area where the tide can turn back down. The way the strength is formed, we should blast this level apart. Yet, a warning still needs to be given.

** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **