$SPX Analysis, Key Levels & Targets for Feb 20
Not a terribly difficult trading range today.
ATH’s above us, 35EMA below, bottom of the implied move 6115 has a previous support.
Bearish divergence in strength. 30min 200MA on deck (maybe close to where it crosses the downtrend) if we close under the 35EMA.
Pretty bullish setup overall but overbought and bearish divergence. Low volume too which is driving me crazy but we don’t seem to get any sell off volume.
Trade closed: target reached
When I post short I don't post it lightly... lol. 
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🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
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.