Provided key support close to the 3800 (trendline, FIB) area holds, SPX may bounce once more nont far off the 4000 mark within few days.
We have bullish divergences on RSI on LTF, but still lack confirmations from MACD and RSI on D, so watch it.
Mind the descending broadening wedge (dashed black lines) encompassing this scenario.
We have bullish divergences on RSI on LTF, but still lack confirmations from MACD and RSI on D, so watch it.
Mind the descending broadening wedge (dashed black lines) encompassing this scenario.
Nota
3800 failed, so no opportunity to Long.Yet prone to bounce due to overextension.
Nota
Whatever, that's a PRETTY interesting candle.A TD 9 gap-down pretty hammerish candle ...
TD 9 candles setting a low of a serie on D are pretty rare on SPX.
They're about 20 in 20 years and usually sit decently close to a local low.
Hence 2/3 of these were followed by a 8-20% bounce within 2-4 weeks.
Ok, enough for now.
Looking forward to monday.
Nota
We're indeed at about 4000, but despite no signal given this whole idea technically *failed*I'll try doing better next time.
Closing.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.