SPX: Diagonal resistance breached and bearish engulfing candle invalidated
$S&P 500(.SPX)$ : Diagonal resistance breached and bearish engulfing candle invalidated. The MACD crossover has been avoided, and price action suggests bullish continuation.
The orange arrow shows a temporary bearish engulfing invalidation, it has to be considered since the $6110 zone may set some resistance.
Risk management for longs around the same red diagonal is prudent just in case; or the 20DMA which is carrying the bounce.
What happened?
Tech has come to the rescue, it was considered to mitigate a pullback, but it ended up fueling a rally.
$NVIDIA(NVDA)$ $Apple(AAPL)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$
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- Simon Wy·2025-02-14不过目前向上空间不大LikeReport