SPX Daily: Disappointing Retrace, Bulls Eye Oversold Signals
$S&P 500(.SPX)$ - Daily
Disappointing retrace during the afternoon
❌50DMA switched to resistance position.
❌The Bollinger Bands are widening.
ℹ️Stochastic is entering in oversold territory.
ℹ️Price action is aiming at filling the $5374 gap.
The only chance for bulls is a confirmation for the inverted hammer candle and Williams%R oversold.
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$SPDR S&P 500 ETF Trust(SPY)$ - Monthly Chart
They told me "July is a bullish month", same as April.
In the meantime, SPX has a situation to solve:
3 trading days to fix this bearish monthly candle.
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https://x.com/SmartReversals/status/1816538499333366170
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