$SPX - Price is Getting Apart From the Bollinger Band
$S&P 500(.SPX)$ - Price is Getting Apart From the Bollinger Band
Probably nothing, as it was the case in June (second circle), but in other recent cases that separation from the higher band was followed by a loss of the 5DMA and the minimal destination was the 20DMA.
The 5DMA currently is matching the little volume shelf in formation, reinforcing the thesis of that line as a key level.
Stochastic is getting hot.
Certainly, the rate cur effect is not immediate
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
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https://x.com/SmartReversals/status/1839035682884563146
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