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S&P 500 Index
Short

Multi-Timeframe Analysis: S&P500

141
Hourly Chart: Failed Break. (Bearish)

Daily Chart: Failed Break + Hanging Man and confirmation. (Bearish)

Weekly Chart: Shooting star. (Bearish)

Monthly Chart: (Bullish)

Futures: below the current market with increased volume above the monthly average! ( Bearish )

Conclusion: Bearish is the most probable scenario.

Educational Articles:
1- Failed Break:
https://www.investopedia.com/terms/f/failedbreak.asp
2-Hanging Man:
https://www.investopedia.com/articles/active-trading/040914/understanding-hanging-man-optimistic-candlestick-pattern.asp
3-Shooting Star:
https://www.investopedia.com/terms/s/shootingstar.asp
Moshkelgosha
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Also on:
Chart PatternsmoshkelgoshaS&P 500 (SPX500)Support and ResistanceTrend Analysis

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.
Chart PatternsmoshkelgoshaS&P 500 (SPX500)Support and ResistanceTrend Analysis
Moshkelgosha
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Also on:

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.