Bullish Signal or Bearish MACD at $SPX Resistance?
$S&P 500(.SPX)$ - Daily Chart:
Price found rejection exactly at $5552, a resistance anticipated during the morning (previous post).
Now the question is: Bullish Inverted hammer or bearish MACD?
The 50DMA acted once again as support, so a bullish reversal is possible.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$
Image
Promising, any close above $5529 for SPX today would be constructive.
$5552 is the closest hurdle to overcome (if reached).
Image
https://x.com/SmartReversals/status/1831425616367001923
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.
