$S&P 500(.SPX)$ - Daily Chart:
Promising move, the inverted hammer had validation, since today’s opening was above the previous day’s body.
50DMA was recovered, and Williams%R is showing a move comparable with the last bottom.
There are two pending checkpoints: Jumping above the 5DMA, which is still governing the very short term trend, and triggering a bullish crossover in Stochastic.
Today’s candle was not an example of conviction, but is not bearish either; and volume was high.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$
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https://x.com/SmartReversals/status/1816929818224582709
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