SPX Daily Chart - The bearish crossover
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.
Image
https://twitter.com/SmartReversals/status/1785040708958568857
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.
It was rejected again at 5126
Great