SP500 (Y20.P4.E2)Macro.Bullish channel

Nov 6, 2020

Hi All,

From a monthly perspective, all looks bullish.
On the daily, there is a 2 scenarios, both are bullish:

a) a breakout to the upside from here and
b) more ranging movement in this area, chart below before breaking up to the upside. completing an elliot ABCDE symmetrical triangle of some sort.
Hence a medium macro bull flag or consolidation just under the main resistance.
Note: USD is more bearish tone than bullish in the short term. Chart below.

From a weekly perspective we have the following:


Daily chart, (a.chart)


Note: DXY, USD has pulled back recently which gives gains for stocks. Still in sync with my original post, link below


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Regards,
S.SAri

Nov 7, 2020

Note

G.Chart

Nov 7, 2020

Note

closed with a bullish candle on the daily

Nov 9, 2020

Note

breakout happened today.

Nov 11, 2020

Note

still upward pressure

Nov 16, 2020

Note