SPX HOUR CHART
SPX DAILY CHART
- Price in hour chart has fallen below its 50 hour moving average and the cloud.
- If price sustains below the cloud we may get a sell on rise market soon.
- But Price in daily chart is moving towards its 20 day moving average which may act as a support level. Market too looks oversold so we may get a bounce from this level.
- Bears will be stronger only below the 20 day moving average.
- ES FIBONACCI LEVELS