$SPX - The Trend is Your Friend Until Proven Wrong

SmartReversals
2024-10-17

$.SPX(.SPX)$ - The Trend is Your Friend Until Proven Wrong

Price action continues above the 5 DMA, technically speaking the bullish trend continues intact.

The bearish Stochastic crossover and the resistance at the higher Bollinger band suggests caution. Oscillator can continue overbought as circled. All eyes in the 5DMA.

$NASDAQ 100(NDX)$ closed with an intriguing candle, like💚if interested in chart.

The financial analysis for banks is different from other industries. Banks generate revenue primarily through interest income, fees, and other financial services. Get access to the key financial metrics for the banking industry, applied to $JPMorgan Chase(JPM)$ $Bank of America(BAC)$ $Citigroup(C)$

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JPM - Solid Results Took Price to Overbought Levels

There has been a pullback in JPMorgan to the lower Bollinger band when the RSI crosses 70 and/or when the higher Bollinger is breached. The latest fundamental analysis presents comprehensive data and analysis beyond the chart. A buyable pullback?

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Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?
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