we have had a nice run up into earnings, but I think we are going to see a sell-on-news as more earnings come out. rsi is making lower lows which spx prints a higher high - this type of negative divergence usually results in a reversal. daily macd is about to roll; momentum simply seems to be waning. looks for 4200-4300, the area where we had created a small island gap (circled in blue).
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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.