SP500 - Short term bounce for scalpers only. Impulse faded once again

$S&P 500(.SPX)$ - Short term bounce for scalpers only. Impulse faded once again:

There was an interesting bounce in pre-market for $E-mini S&P 500 - main 2406(ESmain)$ ES_F, and during market hours SPX held the support level mentioned yesterday as first line of defense: $5008.

A bounce did happen just to vanish again and validating the further decline thesis.

A big move is coming, see the triangle in formation.

I shared for everyone more details about the SPX chart with the target for this decline, click in bio.

Price continues above $5008, but in this position and with a bearish Stochastic, it's difficult to see an inverted hammer followed by a bounce.

Image

https://twitter.com/SmartReversals/status/1785777840438366485

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Comments

Longmanlee
05-02
Longmanlee
Yup it will face massive sell off , totally agree with your prediction
tothehill
05-07
tothehill
Check out the chart in bio.

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Impulse faded once again","html":"<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> - Short term bounce for scalpers only. Impulse faded once again:There was an interesting bounce in pre-market for <a data-mention-id=\"ESmain\" class=\"teditor-mention\" data-mention-name=\"E-mini S&amp;P 500 - main 2406\" href=\"https://ttm.financial/FUT/ESmain\">$E-mini S&amp;P 500 - main 2406(ESmain)$</a> ES_F, and during market hours SPX held the support level mentioned yesterday as first line of defense: $5008.A bounce did happen just to vanish again and validating the further decline thesis.A big move is coming, see the triangle in formation.I shared for everyone more details about the SPX chart with the target for this decline, click in bio.Price continues above $5008, but in this position and with a bearish Stochastic, it's difficult to see an inverted hammer followed by a bounce.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ea7e1f146a7b8fcad917f9fe6f9ac704\" tg-width=\"900\" tg-height=\"671\">Imagehttps://twitter.com/SmartReversals/status/1785777840438366485</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> - Short term bounce for scalpers only. Impulse faded once again:There was an interesting bounce in pre-market for <a data-mention-id=\"ESmain\" class=\"teditor-mention\" data-mention-name=\"E-mini S&amp;P 500 - main 2406\" href=\"https://ttm.financial/FUT/ESmain\">$E-mini S&amp;P 500 - main 2406(ESmain)$</a> ES_F, and during market hours SPX held the support level mentioned yesterday as first line of defense: $5008.A bounce did happen just to vanish again and validating the further decline thesis.A big move is coming, see the triangle in formation.I shared for everyone more details about the SPX chart with the target for this decline, click in bio.Price continues above $5008, but in this position and with a bearish Stochastic, it's difficult to see an inverted hammer followed by a bounce.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ea7e1f146a7b8fcad917f9fe6f9ac704\" tg-width=\"900\" tg-height=\"671\">Imagehttps://twitter.com/SmartReversals/status/1785777840438366485</body></html>","text":"$S&P 500(.SPX)$ - Short term bounce for scalpers only. Impulse faded once again: There was an interesting bounce in pre-market for $E-mini S&P 500 - main 2406(ESmain)$ ES_F, and during market hours SPX held the support level mentioned yesterday as first line of defense: $5008. A bounce did happen just to vanish again and validating the further decline thesis. A big move is coming, see the triangle in formation. I shared for everyone more details about the SPX chart with the target for this decline, click in bio. Price continues above $5008, but in this position and with a bearish Stochastic, it's difficult to see an inverted hammer followed by a bounce. 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