Notice the WHITE Trendline, which is primarily driven by the 4H MA50, is holding down the S&P. I am watching for this line to maintain resistance until 3550 area, where we could see a mild bear rally, before the next decent.
4H RSI, MACD, & Squeeze all have room to go lower.
Good Luck
4H RSI, MACD, & Squeeze all have room to go lower.
Good Luck
Note
3571 looked like the low before trend breakout. I am watching the 4H MA50 for rejection (around 3700 currently) and then more selling to occur and lower lows.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.