If this trend holds, which it seems it will, and closes rejecting vwap,20,50, & 100ema I expect a move lower tomorrow.
TPO shows time has spent consolidating as well and PoC is maintaining and will monitor for trend reversal. There is a SP in the 1hr chart, if i remember correctly. So will monitor to close.
This is for all time frame from 1hr down to 5min. I tend to float between daily and smaller once I have a swing trade idea.
Just got seriously into this so any feedback would be appreciated! Happy trading & good luck.
TPO shows time has spent consolidating as well and PoC is maintaining and will monitor for trend reversal. There is a SP in the 1hr chart, if i remember correctly. So will monitor to close.
This is for all time frame from 1hr down to 5min. I tend to float between daily and smaller once I have a swing trade idea.
Just got seriously into this so any feedback would be appreciated! Happy trading & good luck.
Note
Still indecisive.SPX sitting on the daily 20ema.
TPO shows more consolidation with a slight bias to the high side.
Today looks bullish, but considering factors I'd say be careful.
If closes above 4550 I say bear move is done, for now.
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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.