$SPX (SP500) - UPDATE 4H - CPI LEAKED?
Does someone know something...?
A quick +1% move this evening with #CPI Data dropping tomorrow. Suspicious 🤔
We just follow the charts. Break-out of this diagonal resistance line, $4050 next.
#SP500
UPDATE - $SPX (SP500)
The Major US Index has been on a massive run and is currently in a pull-back from the 'decision time' area.
The rising channel gives some support in the $3950 area.
Let's watch this level closely.
I'm short from the red supply box. Waiting to take profit.
The American S&P 500 returned to the region above 3100. Recently the index testing the upper limit of the daily Bollinger Bands, which is also near to the bullish channel resistance line. That's why we may looking to short this market rather we would like to see a buying opportunity underneath.
The 50-day SMA is currently trading around the 3030 level, which is...
After the double top we had that caused a 7/8% decline from the peak, things changed positively, the Sp500 exceeded the 200 moving average, you can see in the chart above the start of a change in the Ichimoku cloud to a bullish trend.
Our goal right now is 2950
