Weekly Market Analysis (Mar 11-17): S&P 500

S&P 500
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(credit: chart from Sigma by Hydra X)

The S&P closed the week strongly at 2,822.48, up 0.5% on high volume, and on the back of its biggest weekly gain since November 2018. US markets seem insistent on forging a path higher despite the overhang of earnings, macro economy news, North Korea, and ongoing China trade talks. I still wait for price to break and close clear of the congestion zone around 2,800 before entering longs, but this looks increasingly like a environment where the only rational positions to take are either to be flat or long.

If you like the above, I have also tried my hand at two other articles - a Weekly Stock Analysis on Boeing and Facebook :slight_smile: do check them out.