S&P500 closed the day with 6886.24, a gain of 1.02%.
Analysts have claimed that the Gulf War losses were wiped out.
Let us look at some of the technicals.
MACD is on an uptrend.
The last candle is above both the 50- and 200-day moving average (MA) lines on the daily interval. This implies bullish in both the short and long term.
The 3 exponential moving average (EMA) lines are on the up trend.
The Chaikin Money Flow (CMF) remains in the selling region even though there is increasing buying momentum.
What is concerning is the volume. Volume is the momentum of the trade that is not supported, meaning that the current run may not last.
Let us exercise caution and do our due diligence.
@TigerStars
$Vanguard S&P 500 ETF(VOO)$
$Cboe Volatility Index(VIX)$
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