Pure Technicals

SP:SPX   S&P 500 Index
Outlook for SPX

We can expect a minor contraction based on MACD , Guth 3x confirm, and D+ divergence cloud.

Key word is minor! Our new point of resistance on the 45min chart is 4416.10 which would only be a 55 point drop ( 1.24% )

This drop could happen at the open, or intra day.

This is not processional advice but I ask you fellow experienced traders to give me your thoughts on this and possibly a collab.

I am using this as an indicator for if I am going long next week or short.

What are your thoughts on the week ahead, it is always good to trade with the market trend.