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ZenTrader108

SPX Chart watch intraday 4hr

Short
S&P 500 Index (FX:SPX500)  
ZenTrader108  
FX:SPX500   S&P 500 Index
SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) FOMC Bearish Patterns short
2
0
spx spy fomc bearish short
Here we see the chart looking a bit more bearish than bullish as a clear rising wedge pattern has occurred.

MACD has been diverging for over a week now.

A break and close the 4hr 50 ema would be a confirmation this has a high chance of heading lower.

FOMC announcement may take this lower if its nothing great and could then to support to continue this bullish all time high.
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