Indice S&P 500Long
A Great Long Opportunity For The S&P 500?
I have identified a cup and handle pattern (see here for more information - investopedia.com/terms/c/cupandhandle.asp) on the daily chart of the S&P 500. This has been confirmed as we have broken out of the previous 2800.000 resistance region which is now a key support region. We are now just hovering above the 2800.000 support region (circled above).
This could be a great buy opportunity because there are 174 S&P 500 companies scheduled to report earnings this week. So far, this earnings season has been a rather strong one. Of the S&P 500 companies that reported before this week, 87% beat earnings expectations and 77% beat revenue expectations, Butters wrote. Both of those statistics are above the five-year average.
If the earning reports can continue to do well, we could reach all-time highs in the near future.
More can be read here - marketwatch.com/story/earnings-watch-35-of-sp-500-companies-set-to-report-in-a-crazy-week-2018-07-23
This could be a great buy opportunity because there are 174 S&P 500 companies scheduled to report earnings this week. So far, this earnings season has been a rather strong one. Of the S&P 500 companies that reported before this week, 87% beat earnings expectations and 77% beat revenue expectations, Butters wrote. Both of those statistics are above the five-year average.
If the earning reports can continue to do well, we could reach all-time highs in the near future.
More can be read here - marketwatch.com/story/earnings-watch-35-of-sp-500-companies-set-to-report-in-a-crazy-week-2018-07-23
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.