S+P 500 Opened 7/24 with a breakaway gap to the upside at 2820.68,
before climbing to 2829.99 High.
However, 2 Hour RSI DID NOT Confirm today's price breakout,
S+P retreated to 2811.12 Low this afternoon, before closing at 2820.40
Note; Today's Close was Below Today's Open, adding a further Bearish Omen to 7/24 Trading !
Using today's high at 2729.99 as a STOP, look for a good entry point to short on any rally back towards today's high.
The continuation of the downside exhaustion move, should continue, once 2811.12 is broken to the downside,
and momentum builds to the downside
A break below the 7/23 Low of 2795.14 would Confirm a Significant Reaction Top in place at 7/24 High of 2829.99
THE_UNWIND
before climbing to 2829.99 High.
However, 2 Hour RSI DID NOT Confirm today's price breakout,
S+P retreated to 2811.12 Low this afternoon, before closing at 2820.40
Note; Today's Close was Below Today's Open, adding a further Bearish Omen to 7/24 Trading !
Using today's high at 2729.99 as a STOP, look for a good entry point to short on any rally back towards today's high.
The continuation of the downside exhaustion move, should continue, once 2811.12 is broken to the downside,
and momentum builds to the downside
A break below the 7/23 Low of 2795.14 would Confirm a Significant Reaction Top in place at 7/24 High of 2829.99
THE_UNWIND