Short

us500 DANGER ZONE

Updated
You can say danger yes but don't cry out doomsday yet.

We are seeing classic pull back after strong technical rebound. We want to structure a nice W daily and reverse downward trend in place.

Closed below key 1D MAs and trending below Kumo. Lost momentum in h4. Expected retest of 4300 to hope for a trend reversal. But we are far from it.

Good thing is we have to go in RLZ anyway if we want to structure that W and start moving above trend.

In any case this is a place of uncertainty and manage your risk!
Comment
Continuation of downtrend towards 1st stop 3670
Chart PatternsTechnical IndicatorsTrend Analysisus500

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