{"id":3139,"date":"2023-06-16T18:35:01","date_gmt":"2023-06-16T18:35:01","guid":{"rendered":"http:\/\/ewforex.net\/blog\/?p=3139"},"modified":"2023-06-16T18:35:05","modified_gmt":"2023-06-16T18:35:05","slug":"spx500-bullish-as-us-sentiment-improves","status":"publish","type":"post","link":"https:\/\/ewforex.net\/blog\/economia\/spx500-bullish-as-us-sentiment-improves\/","title":{"rendered":"SPX500 Bullish US Sentiment Improves"},"content":{"rendered":"\n

Technical indicators are bullish along the Elliott Wave structure for the SPX500 Large Caps Index CMF is at 0.156 indicating that the bulk of the volume is favoring the upside. Daily range for the SPX500 has put in a new bullish direction. Price is well above the 50 SMA and the 100. ADX is ticking storngly to the upside at 34.97! Charts by Stockcharts.com<\/a><\/p>\n\n\n\n

\"SPX500<\/a><\/figure>\n\n\n\n

TECHNICAL INDICATORS <\/h4>\n\n\n\n
\"SPX500<\/a><\/figure>\n\n\n\n

CNN Fear Greed Index<\/a><\/h4>\n\n\n\n
\"CNN<\/a><\/figure>\n\n\n\n

SPX500 FXCM<\/p>\n\n\n\n

June 16, 2023 9:45 A.M. Daily Bar<\/p>\n\n\n\n

CNN Fear & Greed Index at 82 (Extreme Greed)<\/p>\n\n\n\n

ATR (14) 45.48 (200) 70.37<\/p>\n\n\n\n

ADX (14) 23.64 +Di 36.05 \u2013Di 40.42<\/p>\n\n\n\n

The low volatility on the SPX mostly favors the upside.  Bullish momentum is trending nicely to the upside as the ATR is subdued down at the 45.48. The trend indicator ADX is ticking nicely at 23.64 while +Di is at 36.05.  Fear Greed Index is at 82 which is at an extreme but this could stay this way until we get a Minute wave iv pull back on the recent move up from the $4105.74 May 23rd<\/sup> Minute ii low. <\/p>\n\n\n\n

ELLIOTT WAVE ANALYSIS<\/h4>\n\n\n\n

I expect minute iv to range at the $4768.03 Minute 161.8% 3vs1 along the upper channel trend line confluence with the $4735.85 Minor Degree 127.2% 3vs1.<\/p>\n\n\n\n

Resistance at 4520.14 100% 3v1: 4639.94 March 28th<\/sup> high and upper channel trend line.<\/p>\n\n\n\n

SPX500 FXCM 6 Hour Bar<\/p>\n\n\n\n

The Minute impulse up from the 3808.17 March 13 low is most likely in the middle of its 3rd<\/sup> wave testing the upper channel trend line resistance.\u00a0 I expect this to push through as momentum is and the daily volatility is favoring the upside move.\u00a0 \u00a0\u00a0<\/p>\n\n\n\n

SPX500 DAILY BAR<\/h4>\n\n\n\n
\"SPX500<\/a>
Above is a daily bar chart of the SPX500 with Elliott Wave labeling by Raul Fernando Luna Toro<\/figcaption><\/figure><\/div>\n\n\n\n

SPX500 6 HOUR BAR<\/h4>\n\n\n\n
\"SPX500<\/a>
Above is a 6 hour bar chart of the SPX500 with Elliott Wave labeling by Raul Fernando Luna Toro<\/figcaption><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"

Technical indicators are bullish along the Elliott Wave structure for the SPX500 Large Caps Index CMF is at 0.156 indicating that the bulk of the volume is favoring the upside. Daily range for the SPX500 has put in a new bullish direction. Price is well above the 50 SMA and the 100. ADX is ticking […]<\/p>\n","protected":false},"author":1,"featured_media":3142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia"],"yoast_head":"\nSPX500 Bullish US Sentiment Improves | Casa de cambios | ewforex.net<\/title>\n<meta name=\"description\" content=\"SPX 500 Bullish as US Sentiment Improves Technical analysis and Elliott Wave Stucture of SPX500. 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