SPX direction is still headed down.
Net volume down + increasing price = bearish divergence.
My call is still 3050 = .618 Fib support from ATH.
SIVB and other banks getting bailed out won't change this effect.
Just a few weeks ago, banks were "fine" and the direction was still down.
Massive bearish pennant broke, noted by green arrow.
Short term price action is all smoke.
Net volume down + increasing price = bearish divergence.
My call is still 3050 = .618 Fib support from ATH.
SIVB and other banks getting bailed out won't change this effect.
Just a few weeks ago, banks were "fine" and the direction was still down.
Massive bearish pennant broke, noted by green arrow.
Short term price action is all smoke.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.