Are buyers going to show confidence in the S&P 500?

Name: Are buyers going to show confidence in the S&P 500?
Uploaded: 2021-07-22T16:03:59.917408
Channel: DanGramza
Description: We've seen buyers follow through this week. The concern is the smaller bodies which implies a loss of momentum and commitment. However, fundamentals are strong and the issue would be do we see profitaking as we go into the weekend or are buyers willing to hold onto these positions which would be indicated by a solid positive close.

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Futuros E-mini S&P500 (CME_MINI:ES1!)

CME_MINI:ES1! Futuros E-mini S&P500

Trend Analysis Chart Patterns Fundamental Analysis

trendanalysis chartpattern fundamental

We've seen buyers follow through this week. The concern is the smaller bodies which implies a loss of momentum and commitment. However, fundamentals are strong and the issue would be do we see profitaking as we go into the weekend or are buyers willing to hold onto these positions which would be indicated by a solid positive close.

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