SPX 3/15 Down 3/4%
I'm predicting a decently red day tomorrow to close the week. Weekly candles are showing a bit of resistance near the highs, the 1hr RSI is showing that a breakout above or below should be coming soon as price movement/volatility is tightening. Also, the 1hr MACD is turning down like we've seen on the other times. Daily is slowing down like it is trying to round. I mainly think this is due because of the weekly candle and think the bears will come out to play.
Note
Thinking we get a gap down tomorrow, that may be eaten up and end up around where we are now ~5140Note
Looks like we got a lot of the move today, I expect more tomorrowNote
Expect it to wedge the rest of today, then break below tomorrowNote
May not come until next week... Looks like it wants to hold the channel, may gap on Monday Note
Looks like we got what was expected! SPY currently down 0.73%
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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.