Short

Updated

S&P 500 Bearish Target.

DAILY CHART

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Weekly chart:

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3hourly chart look. More upside to go; to retest 200 SMA

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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"

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Continue from previous chain of analysis:

S&P 500: Not wise to bet on a dead-cat bounce. [22Mar'20]

Historical comparisons (11Mar20 post):

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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:

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Note

Sell signal triggered on CYBER ENSEMBLE {PREMIUM}

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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.