S&P500 Trend getting weaker
SPX is within a rising wedge structure that has been getting weaker on each high. The 1hour RSI has a pivot line though above which the trend remains bullish but below turns bearish.
So far it is above and it is evident as the price is holding the wedge's bottom and is rebounding.
4040 the upper target if it holds. 3942, which is the first support, if it breaks where it can catch the 1hour MA200.
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So far it is above and it is evident as the price is holding the wedge's bottom and is rebounding.
4040 the upper target if it holds. 3942, which is the first support, if it breaks where it can catch the 1hour MA200.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.