Send me real-time posts from this site at my email

Weekly Tech Charts & Report - Nov. 15 - by TradesAfterWork

Subscribers Special Report


Via -TradesAfterWork.com
Posting this to share with our readers: (We really like these Weekly Technical Briefs by TaW)

The Daily chart of the S&P 500 Index is showing that a possible trading range may be developing. A trading range is a battle of the bulls and bears to establish control. The S&P 500 Index may break out of this trading range this week. If it does it will likely continue its bullish course and break to the upside. The one caveat is that continued bad news about the spread of Covid-19 and a vaccine could have the bulls running out the exits again.
The Weekly chart of the S&P 500 Index, which demonstrates the intermediate-term trend of the market, is definitely positive. I have circled the momentum indicator, the PPO; it is positive and looks to be trying to curl up more. This is very bullish. Finally, the price of the S&P 500 Index is showing an index that gapped up last week which is also bullish.
The Weekly Chart of the small caps ($IWM) or Russell 2000 looks very strong. The PPO looks almost perfect. Last week's gap up was explosive. This is the kind of action that the bulls want to see in the markets. With the small caps coming more into play, it shows that the appetite for risk is out there, which is obviously bullish.

Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

If you liked this article, please click the LIKE (thumbs up) button.

Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so)!

Follow us/bookmark us and check back occasionally for additional articles or comments on our page...

Wild Tiger Trading - start/main page.

With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers.

.
Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital.Well now that problem is solved!
Try2BeFunded
has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try.

Give Try2BeFunded a try!

.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue