Chart Analysis
On the daily timeframe SP500: D1 is ising toward the 200-day moving average MA(200), which has leveled off. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 2759.46. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 2409.79. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (2409.79) without reaching the order (2759.46), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Fundamental Analysis
Economic data from US have been mixed in recent weeks. Will the SP500 rebound continue?
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