TradingView
The_Bear
Mar 30, 2020 9:06 AM
S&P Short - Further sell off
Short
OANDA:SPX500USD
1D
US SPX 500
OANDA
Description
⋅
Mar 30, 2020 9:06 AM
Continued downfall of US stock markets as global economies struggle with the current pandemic crisis.
Stay safe, stay at home.
Trend Analysis
Supply and Demand
Fibonacci
S&P 500 (SPX500)
Stocks
DOW
US30
us500
ftse100
Gold
Oil
DXY
Comments
erwin643
⋅
Mar 30, 2020 7:32 PM
What I'm looking at is a massive amount of overhead technical resistance at around 2640 on different temporal charts:
The 20-day EMA along with the 50-line on RSI, the 200-week MA, and the 50-month MA, along with monthly RSI and MACD indicating downtrends.
If we don't close above the 50-month by the close tomorrow, we're going down (start of a new month).
The hourly chart on SPX looks good, but we'll see by the close tomorrow.
PerryWave
⋅
Mar 30, 2020 9:39 PM
Ok, but look at the bigger picture here
More
The 20-day EMA along with the 50-line on RSI, the 200-week MA, and the 50-month MA, along with monthly RSI and MACD indicating downtrends.
If we don't close above the 50-month by the close tomorrow, we're going down (start of a new month).
The hourly chart on SPX looks good, but we'll see by the close tomorrow.