S&P 500 | Bearish a Lot
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On weekly chart we have price was rejected by 200 MA, also by Ichi Cloud resistance zone.
On daily we got a rejection of the higher boundary of the descending channel and death cross was produced.
We should expect another leg down on next market open.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
On weekly chart we have price was rejected by 200 MA, also by Ichi Cloud resistance zone.
On daily we got a rejection of the higher boundary of the descending channel and death cross was produced.
We should expect another leg down on next market open.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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