Monthly: I posted monthly view earlier this month and SPX is below Kijun which is a bearish sign. Please refer to that chart for bigger picture
Weekly:
-Bearish Ichimoku
-Prices testing the last supp zone as highlighted
-EWO bearish
-HA osc bearish
Daily:
-Ichimoku is bearish. Look how well kijun acted as resistance
-Divergence on rsi and EWO near term. I expect a pause here.There is ton of resistance overhead. PA will tell
-Doji HA means slowdown in bearish momentum ST
4H:
-Neutral for now
-100 wma and 200 sma will be resistance areas alongwith cloud
-EWO has divergence and prices are moving above kijun
-1863-1870 is resistance zone and if that clears then cloud .
A daily close below last week's low will get things going to the downside towards 1500-1600. Keep an eye on 4H for next sell opportunity.
Weekly:
-Bearish Ichimoku
-Prices testing the last supp zone as highlighted
-EWO bearish
-HA osc bearish
Daily:
-Ichimoku is bearish. Look how well kijun acted as resistance
-Divergence on rsi and EWO near term. I expect a pause here.There is ton of resistance overhead. PA will tell
-Doji HA means slowdown in bearish momentum ST
4H:
-Neutral for now
-100 wma and 200 sma will be resistance areas alongwith cloud
-EWO has divergence and prices are moving above kijun
-1863-1870 is resistance zone and if that clears then cloud .
A daily close below last week's low will get things going to the downside towards 1500-1600. Keep an eye on 4H for next sell opportunity.
