SPX heres a 4h chart shot from friday. be careful for it to try bounce back up to fill gap 6338.92.
US 500 (per 1.0) (AUD) forum
SPX heres a 4h chart shot from friday. be careful for it to try bounce back up to fill gap 6338.92.SPX lots of gaps on the daily down below on the daily, not saying that is will fall that low, but its worth being aware of them. MACD and has crossed over, and broke below 21 day MA on friday, still has room to move down on the RSI could bounce around the 38.28 on RSI if not then could go as far down as 21.69!!! We shall see how premarket looks and see if there is a nice setup for another play.
SPX pattern suggests a bullish breakout continuation with a projected move toward 6,834.11 USD. A minor consolidation or retest of support is healthy and expected before the next leg up. Ideal entries lie near the support
SPX500 Possible return of the stock market downtrend.
SP500 tradingview.com/x/LqzWhEMX/new update for sp500
US500 'The economy is great and strong but you better start cutting rates like we are in a recession' - Trump to JeromeTypical dishonest Orange man double speak. In reality if trump just admitted that his policies have made the economy weaker Jerome would already be cutting further to "support" things but trump wants to have his cake and eat it too while Jerome actually has a job to do. Frankly the worse thing that could happen between now and the next meeting is for inflation to pickup as a result of finalized tarrifs, the weak dollar, oil deciding to breakout or whatever.
US500 Correction will be to 6050-6190, probably the upper limit Monthly support from the accumulated volume lies between 6050 and 6170. 4h indicators show a clear reversal. Separately, at these levels are the previous ATH. In my opinion, it is possible to stop even at 6180-6190. We will probably start with a gap on Monday.
SPX 🇺🇸 Over $1,000,000,000,000 wiped out from the US stock market today.