SPX Daily Chart: Price action was very bearish for the indexes

As mentioned yesterday, in a publication for for everyone with several charts: "Bearish below $5061."

The reinsertion of $Alphabet(GOOG)$ $Alphabet(GOOGL)$ and $Tesla Motors(TSLA)$ to the Bollinger zone were a good addition to weak price action in #SP500 at resistance levels; also the gap fill for $Apple(AAPL)$ after a bearish candle validated by high volume. No mention the bearish weekly MACD signals across the board studied during the weekend.

$Amazon.com(AMZN)$ is moving up, that could provide some oxygen tomorrow, but price action was very bearish for the indexes, $5008 is a minimal destination for this SPX move, followed by $4905 if AAPL disappoints.

Oscillators are providing mixed signals.

Image

https://twitter.com/SmartReversals/status/1785413471816786413

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Comments

JesseBerkeley
05-07
JesseBerkeley
Solid insights.
TimothyBarnes
05-07
TimothyBarnes
👍

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No mention the bearish weekly MACD signals across the board studied during the weekend. <a data-mention-id=\"AMZN\" class=\"teditor-mention\" data-mention-name=\"Amazon.com\" href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a> is moving up, that could provide some oxygen tomorrow, but price action was very bearish for the indexes, $5008 is a minimal destination for this SPX move, followed by $4905 if AAPL disappoints.Oscillators are providing mixed signals.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f2fd33ae9af62da1485284e03da7aa1a\" tg-width=\"900\" tg-height=\"651\">Imagehttps://twitter.com/SmartReversals/status/1785413471816786413</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> Daily Chart:As mentioned yesterday, in a publication for for everyone with several charts: \"Bearish below $5061.\"The reinsertion of <a data-mention-id=\"GOOG\" class=\"teditor-mention\" data-mention-name=\"Alphabet\" href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a> <a data-mention-id=\"GOOGL\" class=\"teditor-mention\" data-mention-name=\"Alphabet\" href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$</a> and <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"Tesla Motors\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> to the Bollinger zone were a good addition to weak price action in #SP500 at resistance levels; also the gap fill for <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> after a bearish candle validated by high volume. No mention the bearish weekly MACD signals across the board studied during the weekend. <a data-mention-id=\"AMZN\" class=\"teditor-mention\" data-mention-name=\"Amazon.com\" href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a> is moving up, that could provide some oxygen tomorrow, but price action was very bearish for the indexes, $5008 is a minimal destination for this SPX move, followed by $4905 if AAPL disappoints.Oscillators are providing mixed signals.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f2fd33ae9af62da1485284e03da7aa1a\" tg-width=\"900\" tg-height=\"651\">Imagehttps://twitter.com/SmartReversals/status/1785413471816786413</body></html>","text":"$S&P 500(.SPX)$ Daily Chart: As mentioned yesterday, in a publication for for everyone with several charts: \"Bearish below $5061.\" The reinsertion of $Alphabet(GOOG)$ $Alphabet(GOOGL)$ and $Tesla Motors(TSLA)$ to the Bollinger zone were a good addition to weak price action in #SP500 at resistance levels; also the gap fill for $Apple(AAPL)$ after a bearish candle validated by high volume. No mention the bearish weekly MACD signals across the board studied during the weekend. $Amazon.com(AMZN)$ is moving up, that could provide some oxygen tomorrow, but price action was very bearish for the indexes, $5008 is a minimal destination for this SPX move, followed by $4905 if AAPL disappoints. Oscillators are providing mixed signals. 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