S&P 500 IndexShort
[SPX] FIRE vs. ICE: Price Action Melting through Market Glacier
Updated
Finally perfected this to the point I'm happy with it.
The analogy seems very fitting here.
Definitely looking bearish.
The analogy seems very fitting here.
Definitely looking bearish.
Note
Watch for more red and lookout for break under EMA 186...Note
What a beautiful peak, 15m looking quite bearish here...Note
Closeup...Note
Normal candles look even worse here, bearish engulfing of 5/7 last candles on the 15m and collapse/rejection from SMA 987 ...Note
Watch that red line btw, bull case needs to close and hold above this or else more downside in store.Note
Futures getting crushed by SMA 144, look for a break or rejection...Note
Upward momentum potentially starting to die here too.Note
Buyer's wave still weak sauce, already at peak...Big divergence extremes like this tend to lead to reversal in the near future. Price really needs to pick up some steam here if it's gonna absorb that and stay climbing.
Note
Wow, price precariously perched above all our interwoven SMAs and sitting atop a perfectly splayed EMA Ribbon...Look what the last break did, this time we'll also be breaking through the 377, gonna have even more power.
Data analyst with a passion for best fit lines B)
Related publications
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.