[SPX] The sucker move on S&P 500
suck·er punch
/ˈsəkər pənCH/
an unexpected punch or blow.
So, there's sucker punch, and there is sucker move. Here's one of sucker move on
SPX , and I hate this kind of move. The price kind of enjoying the red journey & suddenly move to opposite direction in big way. So, is crash still on agenda ?
Well, this one for me is kind of neutral for now as the weekly is basically not bearish yet, but the daily is kind of tantrum right now...yeah it wants to go lower, but it's not....lot of sucker moves. Maybe let it made its mind first.
On the weekly chart, it's bearish if the price breaking 26 week EMA, or the MACD is breaking the support, otherwise it might just buying time until the election night.
/ˈsəkər pənCH/
an unexpected punch or blow.
So, there's sucker punch, and there is sucker move. Here's one of sucker move on
SPX , and I hate this kind of move. The price kind of enjoying the red journey & suddenly move to opposite direction in big way. So, is crash still on agenda ?Well, this one for me is kind of neutral for now as the weekly is basically not bearish yet, but the daily is kind of tantrum right now...yeah it wants to go lower, but it's not....lot of sucker moves. Maybe let it made its mind first.
On the weekly chart, it's bearish if the price breaking 26 week EMA, or the MACD is breaking the support, otherwise it might just buying time until the election night.
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