Daddy_Chill

Daddy_Chill

SPX is starting to break down. 1. Momentum-bearish 2. Parabolic SAR-bearish 3. Larger time frame Moving averages (I don't have Trading view + so it doesn't show up on this chart) are still looking bullish so take note of that 4. Still in the upper half of the channel so definitely more space to fall. 5. Hope to see the gap fill so about 1% more or so to drop....

Daddy_Chill

1. Parabolic SAR signaling beginning of downtrend 2. Look at the zone where it is gapped up. Looking to possibly fill the gap soon. 3. Judging by the channel we are trading in, price action is near the top. 4. If we get some kind of catalyst, to push down, S&P will look short in terms of technicals+fundamentals. Many smaller time frames may signal something else,...