S&P500: Something is hanging in the dark sky

Hello everyone,

Here you can see a nice image of a bat with an important resistance line on 2951. In the previous weeks it appeared that there were important pivot points in combination with the RSI. (see the arrows in the RSI). My expectation is that we will continue to fall in the coming days / weeks until the retest of the 2744 according to the falling trend channel. Have an eye for the RSI! Good luck traders!

Regards,

TT

Comment:

The bulls were able to put the index back above the 2950 resistance with a gap up, the RSI now also scores back in the bullmarket zone. The expectation is that the gap at 2950 must first be closed, especially an attack can be made at the top. A lung can be looked back at 2950.

regards

TT