Home > heikin-ashi > Green, Orange, Orange $SPX $SPY $DIA $DJIA #markets #investing #trading #heikinashi

Green, Orange, Orange $SPX $SPY $DIA $DJIA #markets #investing #trading #heikinashi

May 6, 2018

The Orange status points to a transition from red to (light) green.

S&P-500 ($SPX) daily

  • (-)  Inside a descending triangle with a bearish bias.
  • (+) Obvious resistance levels.
  • (+) The Heikin-Ashi combined chart displays a green status.
  • (+) A higher low (May vs April).
  • (!)  For a higher high as a confirmation of an uptrend from the April low, wait until above the April high.

 

S&P-500 ($SPX) weekly

  • (!) Orange status.
  • (!) At support.

 

S&P-500 ($SPX) monthly

  • (!) Orange status.
  • (!) Support @2,542 (-4.53% below the current low)

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