S&P 500 Bearish Target.
Updated
DAILY CHART
Weekly chart:
3hourly chart look. More upside to go; to retest 200 SMA
Expected S&P 500 to retest 200 SMA and fail on the daily, according to my previous 22Mar20 post.
QUOTE: "Easter 11 Apr 2020 update and re-look at the SPX chart"
Continue from previous chain of analysis:
![S&P 500: Not wise to bet on a dead-cat bounce. [22Mar'20]](https://s3.tradingview.com/g/GVEeewVw_mid.png)
Historical comparisons (11Mar20 post):
Weekly chart:
3hourly chart look. More upside to go; to retest 200 SMA
Expected S&P 500 to retest 200 SMA and fail on the daily, according to my previous 22Mar20 post.
QUOTE: "Easter 11 Apr 2020 update and re-look at the SPX chart"
Continue from previous chain of analysis:
Historical comparisons (11Mar20 post):
Note
Note that the orange line on the OP chart is the 1200 SMA on the 4hrly chart; which is equilivalent to the 200 daily SMA.e.g. 24 (hr/day) / 4 (hr) * 200 (days*candles) = 1200 (candles)
Note
3May20 Daily Chart Update:Note
Sell signal triggered on CYBER ENSEMBLE {PREMIUM}
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