SPX - First time since COVID dropping under the WEEKLY 21EMA. Which has been a key support zone throughout the current run.
If I'd be looking at any other chart and see this - it means one thing: trend is basically finished.
Obviously there are many fundamental aspects that will be a factor in what happens over the medium term, but if we look at what the charts are showing us currently, the easiest and most simple analysis is that price will likely retest the 21EMA and continue its trend down.
If I'd be looking at any other chart and see this - it means one thing: trend is basically finished.
Obviously there are many fundamental aspects that will be a factor in what happens over the medium term, but if we look at what the charts are showing us currently, the easiest and most simple analysis is that price will likely retest the 21EMA and continue its trend down.
Comment:
Comment:
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
