The S&P 500 has created a nice launch pad for a very strong rally in March.
China bottomed (1), Oil double bottomed (2) and on the S&P 500 daily chart the MACD histogram is bullish , as well as the Vortex trend and the SMA 14. and many other indicators.
Entry: Below 1940 (current close around 1930-1935) 1. Target: 1970 2. Target: 2014 3. Target: 2060 Stop loss: 1880
(1)
(2)
บันทึกช่วยจำ
26 days later the S&P 500 has rallied strongly and approached closely to my resistance of 2059 points with a potential trend reversal after the terror attacks in Brussels today (March 22).
I noticed a bearish divergence on the MACD in comparison to the rally: