S&P 500 Daily Chart Analysis For Week of July 12, 2024
Technical Analysis and Outlook:
The Spooz has again demonstrated resilience in this week's trading session, advancing to the next Outer Index Rally 6515 and completing the newly created Inner Index Rally 5642. The current price action suggests a primary squeeze to Mean Sup 5577 and a secondary squeeze to Mean Sup 5535. The additional supplemental squeeze target 5449 cannot be discounted.
The Spooz has again demonstrated resilience in this week's trading session, advancing to the next Outer Index Rally 6515 and completing the newly created Inner Index Rally 5642. The current price action suggests a primary squeeze to Mean Sup 5577 and a secondary squeeze to Mean Sup 5535. The additional supplemental squeeze target 5449 cannot be discounted.
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