S&P500 Index Weekly Candlesticks & Ichimoku Chart: LONG

S&P500 index breaks and closes above the weekly ichimoku cloud for the first time this year. As we have been saying since the start of 2019, new highs will be seen this year. Investors came into the year very underinvested and the longer the index stays positive on the year, the worse it gets for those who are not involved.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

 

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