S&P 500 Analysis after closing bell

 

• SPX One hour chart shows price in a possible diamond pattern. If the right side of this pattern is going to play out then we are in for some more boring contraction to continue.
• Second chart shows price taking support at 100 Hour SMA. Bears need price to sustain below 100 Hour SMA and levels like 1498 and 1495 to break for a bigger correction to follow.
• Last chart shows the weekly line chart. If the week finishes like this or lower it may favor bears for the coming weeks.
• EURUSD CHART ANALYSIS

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