Potential bearish signal on the S&P 500

OANDA:SPX500USD   S&P 500 Index
One the areas technical analysis traders were watching is the .500 Fibonacci retracement level from the February highs to the swift sell off lows in the middle of March. Today's rally did come close to this .500 level and was met with quite a bit of selling. Today's price action coupled with a shooting star candlestick formation created a bearish signal. We will have to look for confirmation tomorrow and the coming days to see if this is a reversal of the recovery and attempt to retest the March lows.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar 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