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New High S&P500 For 2017

New High S&P500 For 2017

S&P500 Daily Chart

S&P500 Daily Chart

 

In my weekly analysis of the S&P500, I mentioned that the S&P500 on the weekly was still in a bullish uptrend. Fridays bar on the 4th August 2017 produced a No Demand signal in our VSA software. The start of the trading week, 7th August 2017 we have seen the S&P500 closed at its highest point for 2017.

 

With this sort of pricing action, the S&P500 looks destined to continue higher. Once again we have decreasing volume on this up move with another No Demand Signal in our software. If we get confirmation of this, we’re likely to see price continuing sideways. If price remains higher, then 2500 may be on the cards for the S&P500.

 

Want to know more about the VSA software and how it can assist you in your trading. Book a 1-on-1 session with me and have your questions answered. Email me danny@tradeguider.com

 

 

 

Have an excellent trading day

 

Danny Younes
Professional Investor and VSA Expert

Author of Supercharge Your Trading & Investment Account Using Wyckoff / Volume Spread Analysis

Danny Younes

<p>Danny Younes is a professional investor and VSA expert. Danny trades options, stocks and forex and has travelled the world teaching retail traders and investors how to invest safely in the financial markets using low-risk options strategies by analysing the markets using Volume Spread Analysis.</p>

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