SPX Technical Analysis 01/24/2022 - *Hammer Candlestick* [Daily]
SPX found ground at 4231 Support.
A beautiful hammer candlestick showed up on the daily chart today. A hammer candlestick indicates a potential price reversal to the upside. The price must start moving up following the hammer; this would confirm the reversal.
RSI extremely oversold at 20.
The Federal Reserves FOMC meeting tomorrow [01/25/2022], and Wednesday [01/26/2022] should help provide further direction of the market.
If dovish; expect a major rally. If hawkish; look out below.
Updates to follow.
*Trade the charts, not the noise that comes with corrections*
A beautiful hammer candlestick showed up on the daily chart today. A hammer candlestick indicates a potential price reversal to the upside. The price must start moving up following the hammer; this would confirm the reversal.
RSI extremely oversold at 20.
The Federal Reserves FOMC meeting tomorrow [01/25/2022], and Wednesday [01/26/2022] should help provide further direction of the market.
If dovish; expect a major rally. If hawkish; look out below.
Updates to follow.
*Trade the charts, not the noise that comes with corrections*
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.