#SP500 = Weekly Analysis – Rally Continues = 29.05.2022 #SPX $SPY #SPY @markets @wsjmarkets #ES_F $SPX @seekingalpha

Candles were right! If you followed this call 7 days ago, you would have made 6.3% on SP500 by now.

Candles seem to support a continued rally in SP500 and they are aligned with Russell2000 and Nasdaq. The reports were posted earlier today:
https://investingangles.com/2022/05/29/russell2000-weekly-analysis-29-05-2022-rty_f-wsjmarkets-iwm-smallcap-iwm-markets-seekingalpha-rut/
https://investingangles.com/2022/05/29/nq-weekly-update-29-05-2022-ndx-ndx-nasdaq-wsjmarkets-qqq-qqq-seekingalpha-markets/
The 10Y bonds and volatility index seem to support the hypothesis as well:
https://investingangles.com/2022/05/28/us10y-weekly-update-28-05-2022-fintwit-markets-wsjmarkets-ief-ief-seekingalpha-bonds/
https://investingangles.com/2022/05/28/vix-weekly-analysis-28-05-2022-volatility-markets-vix-vixy-markets/

Let’s analyze the recent technical and candle signals and evaluate the chances of the next possible moves from different angles.

This SP500 overview contains the charts and covers:
– TA and Japanese Candlesticks analysis;
– Elliott Wave forecast for SP500.

Previous weekly:
https://investingangles.com/2022/05/22/sp500-weekly-analysis-candles-are-ready-22-05-2022-spx-spy-spy-es_f-spx-fintwit-seekingalpha/

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Latest SP500 quarterly/monthly analysis:
https://investingangles.com/2022/03/31/sp500-monthly-analysis-forecast-31-03-2022-spx-spy-spy-es_f-spx-ndx-dji-russell/

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