S&P 500 IndexShort
Bearish SPX
Bull Case
1) Bounced from 3500 (0.5 Fib)
2) Div on HTF
Bear Case
1) LH,LL
2) Rejected @ Imp Resistance
3) Double top @ 4100 (LTF)
4) Rejected by upper trend-line
5) Bullish DXY, JXY, SXY
6) No divergence on LTF
1) Bounced from 3500 (0.5 Fib)
2) Div on HTF
Bear Case
1) LH,LL
2) Rejected @ Imp Resistance
3) Double top @ 4100 (LTF)
4) Rejected by upper trend-line
5) Bullish DXY, JXY, SXY
6) No divergence on LTF
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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.