Post by
drbob512 on Aug 13, 2020 10:02pm
T.A. for S&P 500:
The index has gotten so very close to 3393, its ATH. Mkt has broadened out recently so it now is likely that the S&P, along with the Nasdaq, can breakout to new ATHs. The mkt has basically ignored bad news this week. Technical signals show mixed signals. Weekly ADX is not strong & Money Flow is modestly positive, but daily signals look more positive. Series of higher highs & higher lows dominate the pattern so far. Even a correction here wouldnt change the trend; a lower high & lower low is what bears want but bulls still have control.