A lot of strength is being displayed in the SP500.
Both the weekly and the daily are showing very strong bull markets.
Weekly chart consolidation is broken.
Daily consolidation is reset to: 2967.97 - 2995.84
Price Projections still exist for 3055.66 on the daily and 3084 on the weekly.
SP500 traditionally walks the upper bands of the ATR range. The close is currently above that level.
We can see a return to consolidation the coming week or extension of the strength.
Expecting a trade range of 2958.41 - 3074.76 for the coming week.
Both the weekly and the daily are showing very strong bull markets.
Weekly chart consolidation is broken.
Daily consolidation is reset to: 2967.97 - 2995.84
Price Projections still exist for 3055.66 on the daily and 3084 on the weekly.
SP500 traditionally walks the upper bands of the ATR range. The close is currently above that level.
We can see a return to consolidation the coming week or extension of the strength.
Expecting a trade range of 2958.41 - 3074.76 for the coming week.