ChartArt

Tomorrow: US nonfarm payrolls & unemployment rate data for July

FX:SPX500   S&P 500 Index
261 0 8
The economic numbers tomorrow need to be surprisingly good for the US. The chart pattern starts to look like a dead cat bounce, because the higher-time frames I measure are starting to decline due to the slow speed at which the current dip is getting bought back. The SMA 20 is also dangerously close to the price. Everything is lining up like a ideal place to short. But we are still moving up as of now. The upcoming volatility tomorrow could also first lead to a fast re-test of the recent all-time high at 2182.9 before the real distribution (sell the strength) begins.

Therefore no trade until the index breaks below the EMA 20 on the daily, hence this chart is posted as neutral.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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