SPX Daily Chart - Candle suggests weakness-To The Moon - Tiger Brokers Online Investing Community

84
1
Favorite

SPX Daily Chart - Candle suggests weakness

As the short timeframes warned yesterday, price action anticipated exhaustion, and today's candle suggests weakness for tomorrow.

Comparing with the latest bounce in November, this one is weak, and considering a resume of the decline is prudent, since 50DMA was not even reached and $5110 has flipped to resistance mode.

As mentioned yesterday, $5029 is the support to watch, it is a good reference to manage risk, anyway a red day is expected for Thursday.

$SPDR S&P 500 ETF Trust(SPY)$ : 501.4

Image

https://twitter.com/SmartReversals/status/1783228343053123589

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Top
Latest

Awayaway
·04-25
The candle indicates weakness, suggesting a potential decline.
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":298981465923592,"tweetId":"298981465923592","gmtCreate":1713999373823,"gmtModify":1714016725045,"author":{"id":10000000000010920,"authorId":10000000000010920,"authorIdStr":"10000000000010920","name":"SmartReversals","avatar":"https://community-static.tradeup.com/news/079995488356aff47d9fe17aa3389ce9","vip":8,"userType":8,"introduction":".","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/d2c9138362ff1b0ff25fe1cb463579ff","width":"679","height":"461"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/d2c9138362ff1b0ff25fe1cb463579ff","width":"679","height":"461"}],"title":"SPX Daily Chart - Candle suggests weakness","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> - Daily Chart:As the short timeframes warned yesterday, price action anticipated exhaustion, and today's candle suggests weakness for tomorrow.Comparing with the latest bounce in November, this one is weak, and considering a resume of the decline is prudent, since 50DMA was not even reached and $5110 has flipped to resistance mode.As mentioned yesterday, $5029 is the support to watch, it is a good reference to manage risk, anyway a red day is expected for Thursday. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> : 501.4<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d2c9138362ff1b0ff25fe1cb463579ff\" tg-width=\"679\" tg-height=\"461\">Imagehttps://twitter.com/SmartReversals/status/1783228343053123589</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> - Daily Chart:As the short timeframes warned yesterday, price action anticipated exhaustion, and today's candle suggests weakness for tomorrow.Comparing with the latest bounce in November, this one is weak, and considering a resume of the decline is prudent, since 50DMA was not even reached and $5110 has flipped to resistance mode.As mentioned yesterday, $5029 is the support to watch, it is a good reference to manage risk, anyway a red day is expected for Thursday. <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> : 501.4<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d2c9138362ff1b0ff25fe1cb463579ff\" tg-width=\"679\" tg-height=\"461\">Imagehttps://twitter.com/SmartReversals/status/1783228343053123589</body></html>","text":"$S&P 500(.SPX)$ - Daily Chart: As the short timeframes warned yesterday, price action anticipated exhaustion, and today's candle suggests weakness for tomorrow. Comparing with the latest bounce in November, this one is weak, and considering a resume of the decline is prudent, since 50DMA was not even reached and $5110 has flipped to resistance mode. As mentioned yesterday, $5029 is the support to watch, it is a good reference to manage risk, anyway a red day is expected for Thursday. $SPDR S&P 500 ETF Trust(SPY)$ : 501.4 Image https://twitter.com/SmartReversals/status/1783228343053123589","highlighted":1,"essential":1,"paper":2,"likeSize":84,"commentSize":1,"repostSize":8,"favoriteSize":0,"link":"https://ttm.financial/post/298981465923592","repostId":0,"isVote":1,"tweetType":1,"viewCount":611,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX","SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":true,"length":506,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":299042978992192,"gmtCreate":1714017215785,"gmtModify":1714037874735,"authorId":3479274790156223,"author":{"id":3479274790156223,"authorId":3479274790156223,"name":"Awayaway","avatar":"https://static.laohu8.com/picture135","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":298981465923592,"type":1,"supId":0,"prevId":0,"content":"The candle indicates weakness, suggesting a potential decline.","text":"The candle indicates weakness, suggesting a potential decline.","html":"The candle indicates weakness, suggesting a potential decline.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}