SP500 - Three bearish signals now on 4 Hrs chart

FX:SPX500   S&P 500 Index
72 0
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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out