SPX Futures
So yesterday and the day before, we broke down bullish trend lines (blue lines)
today we broke the 100H MA but bulls found support at 2925 (0.236 fib retracement)
If it breakes the fib retracement, potential next levels to watch :
200H MA & 0.382 Fib retracement @ 2894
Then if we keep going down, probably monday 2868 at the intersection of the trend line starting on the 24th of march (yellow) and 50% fib retracement.
I expect we would bounce of this but if we break it would be a pretty strong signal
Momentum & RSI is pretty bearish right now
today we broke the 100H MA but bulls found support at 2925 (0.236 fib retracement)
If it breakes the fib retracement, potential next levels to watch :
200H MA & 0.382 Fib retracement @ 2894
Then if we keep going down, probably monday 2868 at the intersection of the trend line starting on the 24th of march (yellow) and 50% fib retracement.
I expect we would bounce of this but if we break it would be a pretty strong signal
Momentum & RSI is pretty bearish right now
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