This chart tends to look very similar, almost the same, as the SPX ( S&P 500 Index ).
The signals coming from this chart goes as follow:
1) Decreasing trading .
2) Lower high.
3) Bounce completed.
4) Drop below EMA10 and EMA50.
5) cross while trending lower.
6) broke below 50 while trending lower.
All these are pointing to a drop .
If prices move back up the purple line, there can be another attempt at resistance before more low.
Right now the chart is looking and value can continue to drop .
S&P 500 Index Broken, Time To Drop? (Chart Signals)
Thanks a lot for reading.