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S&P 500 Index
Short

Markets set up for downside volatility

87

  • SPX has been up only since crossing previous ATHs.
  • Q1 just closed and Q2 day 1 is closing below the closest weekly levels.
  • Don't fade an upcoming price expansion (or 2) in this month.
  • Immediate key downside support for SPX is the prev ATH, which is 9% under from here.


Invalidation -
  • SPX daily close at ATHs.

xTako
Also on:
Supply and Demand

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.
Supply and Demand
xTako
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.