#SP500 = Weekly Analysis = 17.07.2022 #SPX $SPY #SPY #ES_F $SPX

Friday’s candlestick closure was more bullish than bearish and the main question is whether the index will be able to maintain the momentum throughout the next week. Let’s assess the probabilities.

In this weekly analysis, I will traditionally evaluate the candles that SP500 formed on multiple frames, compare them to the candle formations in other major US indices and some large cap such as AAPL, TSLA and other. We will discuss technical events on different frames and analyze the long- and short-term perspectives for SP500 development using Elliott Waves.

Previous SP500 Quarterly Analysis:

Nasdaq Quarterly Analysis:

Russell2000 Quarterly Analysis:

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This analysis is part of the @InvestingAngles Weekly Series for US and global indices, Crypto, Commodities, Currencies, and some Large Cap stocks. Link here.

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