S&P long - short flare or rally?

28 mar 2023

From the Fibo view we are back into the bullisch area and also the indicator are long (MACD) or close to long. But it is interesting, a set of short and mid term trendlines are crossing and suppose to be barriers or accelerators. Thus it is interesting if this is a bullisch flare/missleading signal (mark the recent doji candle) or if we see again a try to mark a new high.