- SPX about to hit the support line of the weekly wedge.
- Price staying below 200 DMA.
- If price gets support at the weekly trend line we will see a good bounce from this level
- Breaking the support line will favor bears.
- ES RANGE BREAKDOWN TRADE
S&P 500 Near the Weekly support line
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SPX
SPY Trend Update
- 30 Minutes chart shows a smooth down trend in progress.
- Price closing above 50 period moving average in this time frame or cloud breakout can change the trend.
- AMAZON MOVING UP WITH NEGATIVE DIVERGENCE
Labels:
SPY
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