SPX Daily - Key resistance zones were jumped
$Apple(AAPL)$ and mostly the economic data that suggest a rate cut activated a rally that clashed with the 50DMA.
$S&P 500(.SPX)$ Key resistance zones were jumped, the main ones: $5083 and $5110, both at once.
Oscillators are bullish, suggesting more upside.
The gap is not a good reference, I'll elaborate on that on the weekend edition, and remember that a bullish MACD can be followed by immediate declines.
50DMA and the Gap will dictate the next move, this candle can indicate a bearish reversal.
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- RalphWood·05-07Great content you have there, really appreciate the analysis!LikeReport
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