S&P 500 IndexShort
SPX500 – Confluence of MACD Divergence And Fresh Supply
As we can see in the H1 chart, the SPX500 has open the previous trading day with a huge GAP which creates fresh supply,
There is also significant MACD divergence which lasts almost 2 months.
The fresh supply above also change the momentum from bullish to bearish.
I'll sell at the supply above on the first touch.
The first target will be demand - 1, and the final target will be demand - 2.
There is also significant MACD divergence which lasts almost 2 months.
The fresh supply above also change the momentum from bullish to bearish.
I'll sell at the supply above on the first touch.
The first target will be demand - 1, and the final target will be demand - 2.
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The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
We Trade Forex - Come Join Us!
the5ers.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.