{"id":11387,"date":"2021-07-13T08:08:20","date_gmt":"2021-07-13T08:08:20","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11387"},"modified":"2023-05-04T08:10:40","modified_gmt":"2023-05-04T08:10:40","slug":"sp500-is-it-getting-ahead-of-itself","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/07\/13\/sp500-is-it-getting-ahead-of-itself\/","title":{"rendered":"S&#038;P500 Is it getting ahead of itself?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The index has been trading within a Channel Up since the November 2020 elections. The barometer has always been the 1D MA50 (blue trend-line) mostly, where the majority of buy accumulation has been taking place. The Ichimoku Cloud is second. What we see now is the price trading very close to the Higher Highs trend-line and although it can break the 4,400 &#8211; 4,420 zone and trade just under the Higher Highs trend-line for a long period of time (like Nov 2020 &#8211; Jan 2021 and April 2021 &#8211; May 2021), it is best to stay focused and use the long-term perspective as a guide. The RSI offers a good viewpoint as well, especially in terms of the consolidation near the Higher Highs, but it also has a clear 1 year Buy Zone and that is within 43.000 &#8211; 35.000.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/SPX\/QAiJmV38-S-P500-Is-it-getting-ahead-of-itself\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/SPX\/QAiJmV38-S-P500-Is-it-getting-ahead-of-itself<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The index has been trading within a Channel Up since the November 2020 elections. The barometer has always been the 1D MA50 (blue trend-line) mostly, where the majority of buy accumulation has been taking place. The Ichimoku Cloud is second. What we see now is the price trading very close to the Higher Highs<\/p>\n","protected":false},"author":611,"featured_media":11388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-11387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11387"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11387\/revisions"}],"predecessor-version":[{"id":11391,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11387\/revisions\/11391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11388"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}