Kumowizard
Short

SP500 - Three bearish signals now on 4 Hrs chart

FX:SPX500   S&P 500 Index
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We have three early bearish signals now on 4 Hrs time frame: ROC71, ROC91, and weak Tenkan/Kijun bearish cross.

The Key support level is obvious: 2025. There is 100 WMA , horizontal level (Chikou Span peaks and bottoms) and Senkou B (future Kumo lower line). A close below this level would bring further selling.

You can already try to sell small size now at this Kijun Sen retest with a stop placed at/above recent highs.

Don't forget, the momentum can accelerate only if we see a break of the support level . Until then recent Price action should be considered as consolidation with some bearish bias. Do not yet leverage yourself too much, take only small positions until the firm sell signal.
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