Currently the SP500 is poiting south.... after the impulsive waves correction aka fed injecting liquidity in the markets, we can see that manipulation clearly with a divergence ( red arrows) price registering higher highs and oscillator higher lows.
Comment:
Sadly, FED money is more worthy than our opinion and they can keep injecting money today as well. So, beware, trade safe :)
Comment:
if you want to enter, let MA50 be broken and enter with tight stop. If you want to be extra careful with your money, let price action treat MA50 as a resistance.