S&P 500, below median line of ascending channel

OANDA:SPX500USD   S&P 500 Index
The index has touched the median line and has been rejected so far - the 2900 area is a tough one to crack.

Money Flow Index is slightly bullish >50, but with the risk of inverting.

Bias at the moment is Neutral-Short, would flip to Short below 2880, even more so on the confirmed break of the 1st descending trendline (2870-2860 - faint red).

There also could be a triangle pattern if the S&P were to fall below the 2nd red trendline, but that's getting a bit too far ahead for now.
Interesting that the apex of such triangle would be close-ish to the days of the G20 meeting (June 28-29, target area 2780-2790).

Before that, watch out for the Fed meeting on June 19.


Do you ALWAYS include after hours data when looking at divergences? I'm asking because on Friday NIO gapped down breaking my pitchfork support and 1hr, 2hr rsi bull divs (4hr still there). It traded just below my 100% $2.45 extension target. If I use normal trading hours only the bullish divergence is still there.
@Gutshot, Well not always, I'm by no means a pro at this, but in this case it wasn't really a divergence
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