S&P - Weekly Analysis - Price Forecast
The price has been in a dicey uptrend the past few months as more economic data has rolled in.
The trendlines illustrate a possible breakout when factoring in the variables of rising price during an uptrend, increasing volume, and the bull divergence forming on the StochasticRSI.
In addition, the Tenkan and Kijun are both acting as support and indicate rising momentum. This is further reinforced by the widening uptrend manifesting on the Kumo.
My prediction for the S&P weekly price action lies between 2923 - 2983
The trendlines illustrate a possible breakout when factoring in the variables of rising price during an uptrend, increasing volume, and the bull divergence forming on the StochasticRSI.
In addition, the Tenkan and Kijun are both acting as support and indicate rising momentum. This is further reinforced by the widening uptrend manifesting on the Kumo.
My prediction for the S&P weekly price action lies between 2923 - 2983
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