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the_sunship

Post FOMC update - the Powell punch SPX QQQ USOIL GOLD Dollar

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S&P 500 Index (SP:SPX)  
the_sunship Updated   
SP:SPX   S&P 500 Index
Chart Patterns Technical Indicators Wave Analysis S&P 500 (SPX500)
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chartpattern indicator waveanalysis spx500
All in the video. Technically we were primed for a larger move down and I think we've started. Next obvious support is 4800, but I believe it will break and we'll get down to 4725ish within a week - that's also where the daily BB is. Everything looks bearish except the Dollar right now. Will update if things change.

Good luck!
Comment:
Good morning, a retrace to 4875 is probable, but then I think it continues down. With AAPL and Amazon earnings tonight, shorts have to be careful. The rsi is quite low on most time frames, so a bounce tomorrow may come. If IWM and DJT hold strength today, it may hint at a bounce tomorrow.
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Comment:
potential bearflag shaping up, if so, the target is 4800 - a major support level.
snapshot
Comment:
bear flag breakdown
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Comment:
false breakdown so it's probably going to be bullish into close. However, if this is an ABC, tomorrow will be a gap down. SPY SPX
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the_sunship
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