HOUR CHART
WEEKLY CHART
- SPX Hour chart is showing weakness as it has closed below 20 hour moving average.
- Weekly chart is showing negative price action. We had a Gap up today but it was faded and made a close towards the Low of the Day.
- Now correction up to 1217 may happen anything beyond that can take SPX to 1206 levels.
- TODAY'S CORRECTION WAS FOLLOWED BY NEGATIVE DIVERGENCE IN 30 MINUTES CHART AS SHOWN IN THIS POST.
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