SPX - Right at the Point of Control

SmartReversals
06-28

$S&P 500(.SPX)$ A big move coming is likely, price closed at the very edge (Point of Control) of the current volume shelf.

RSI at 71 is considered overbought, the candle is not a reversal one, so any breakout or breakdown just need the right catalyst.

5DMA was recovered, which is good, but that moving average is flat.

There are few factors suggesting direction in the daily chart, the weekly suggests a top and that timeframe will be closed tomorrow at 4PM EST.

$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$

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https://x.com/SmartReversals/status/1806422633094734026

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  • KSR
    07-01
    KSR
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