$SPX SPXUSD
The S&P hourly futures appear to have completed a nine wave uptrend. Today, the S&P tried to move above resistance at the wave 9 high around 2800 -- but failed. Subsequently, the market dropped, causing the angle on the 50 MA to point downwards. This is indicative of a change in trend from up to down on the hourly S&P futures.
I'll be looking to short rallies.
The S&P hourly futures appear to have completed a nine wave uptrend. Today, the S&P tried to move above resistance at the wave 9 high around 2800 -- but failed. Subsequently, the market dropped, causing the angle on the 50 MA to point downwards. This is indicative of a change in trend from up to down on the hourly S&P futures.
I'll be looking to short rallies.
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Related publications
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.