SP500 - Hourly View
- The SP500 pulled back to its 200sma and possible support zone .
- A broadening formation is in play on the hourly.
As per the previous post
the 3900 level will need to be defended by the bulls. Major trendline that was broken on the rally up may become support else if it doesn't hold, it will open a bearish move down back into the larger pattern.
- A broadening formation is in play on the hourly.
As per the previous post
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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.