FX:SPX500   S&P 500 index of US listed shares
31 0 0
Simple reversals amid convergence of trend lines ( trend lines getting closer together)
often provide short term buy and sell signals. Not depicted, but evident, is the loss of momentum
on rallies, lack of market breadth on rallies.

Fundamental micro does not support this market going higher so "bad data" can spark
big sell-offs. Durable Goods Orders missed by a wide margin this morning and previous
months were revised sharply lower but futures were already off 100 points or so because
Chinese data overnight suggested that demand FROM and WITHIN China is waning.

Also note same reversals exist on weekly charts.

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out