SPX Strong Rejection + MACD Bearish Divergence
Here we are looking again at the SPX but this time short-term, the 4H timeframe.
Marked in yellow is a bearish candle.
This is a strong rejection after a new "high" was hit...
Prices quickly moved back down to close below EMA10.
When we look at the MACD compared to the SPX, we have a very strong bearish divergence.
These signals support our general bearish view on this index.
Conditions for change
This is no trade advice of course.
If prices move and close above the last-high and we also see increasing volume, the above signals become invalid and a new analysis is needed.
Here you have a bigger timeframe and more detailed review:
Thanks a lot for your support.
Namaste.
Marked in yellow is a bearish candle.
This is a strong rejection after a new "high" was hit...
Prices quickly moved back down to close below EMA10.
When we look at the MACD compared to the SPX, we have a very strong bearish divergence.
These signals support our general bearish view on this index.
Conditions for change
This is no trade advice of course.
If prices move and close above the last-high and we also see increasing volume, the above signals become invalid and a new analysis is needed.
Here you have a bigger timeframe and more detailed review:
Thanks a lot for your support.
Namaste.
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🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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