SPX Daily Chart - The bearish crossover
@SmartReversals:
The bearish crossover between the 20-day and 50-day moving averages (DMAs) has been confirmed.Price action today reached two key levels mentioned over the weekend:ℹ️50DMA: Encountered resistance at this level.ℹ️$5119: Still acting as resistance.The indecision candle at a confluence of resistance levels is something to be careful about.A free/open post for everyone covering more details for $S&P 500(.SPX)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ will be published today in Substack. Imagehttps://twitter.com/SmartReversals/status/17