Whilst 
SPX is looking healthier above its MAs, it printed a swing failure pattern (SFP) on the daily into the prior support (now resistance zone) which aligns with a swing symmetry from the news swing in early April. Price is sitting on the 61.8 fib, and is also rejecting the 100 EMA.
If shorts want to take charge, this is the place to do it.
SPX is looking healthier above its MAs, it printed a swing failure pattern (SFP) on the daily into the prior support (now resistance zone) which aligns with a swing symmetry from the news swing in early April. Price is sitting on the 61.8 fib, and is also rejecting the 100 EMA. If shorts want to take charge, this is the place to do it.
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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.