good evening,
spx500 is not looking so hot anymore.
currently backtesting the midline of the descending channel, which is also in confluence with a major level.
failure to push above 3950, and the spx500 will continue to spiral down.
----
on a positive note, we have some bullish divergence starting to print; perhaps a few more pokes at the lows, and we'll be able to get a definitive reversal.
spx500 is not looking so hot anymore.
currently backtesting the midline of the descending channel, which is also in confluence with a major level.
failure to push above 3950, and the spx500 will continue to spiral down.
----
on a positive note, we have some bullish divergence starting to print; perhaps a few more pokes at the lows, and we'll be able to get a definitive reversal.
Nota
if es could get back above the midline of this bear channel, we could see continuation for a week or two. thenext few days are important.
if a successful breakout takes place, i will entertain it from this perspective:
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.