Hi my fellow supporters, the SPX did drop and is now moving below support... What is the chart telling us now?
Prices move strongly below EMA10 and now also below MA200 (black line).
2900/3000 is the current active support range.
SPX Chart Signals
Here we have multiple bearish signals taking place, there are no bullish signals.
1) Strong 'red' volume coming in.
2) RSI now below 50 (losing bullish potential)
3) The MACD is showing a bearish cross.
This move is just started to develop and the ~2950 support level can be strong, but based on today's candle, prices can continue to drop.
What's your take?
Share with us in the comments below.
Previous analysis: Is The S&P 500 Index Peaking? A Retrace Is Possible
Thanks for reading.
Namaste.
Prices move strongly below EMA10 and now also below MA200 (black line).
2900/3000 is the current active support range.
SPX Chart Signals
Here we have multiple bearish signals taking place, there are no bullish signals.
1) Strong 'red' volume coming in.
2) RSI now below 50 (losing bullish potential)
3) The MACD is showing a bearish cross.
This move is just started to develop and the ~2950 support level can be strong, but based on today's candle, prices can continue to drop.
What's your take?
Share with us in the comments below.
Previous analysis: Is The S&P 500 Index Peaking? A Retrace Is Possible
Thanks for reading.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.