$SPX - Retest of the 5DMA + Bearish Cross in Stochastic
$.SPX(.SPX)$ - Retest of the 5DMA + Bearish Cross in Stochastic: At this point the indecisive candle precedes a fall, which it is the most likely scenario for tomorrow.
There is a contrarian indicator though, the Put/Call Ratio is too bearish. For that reason a wait and see approach is valid. $5957 is the key level that must be defended by bulls tomorrow.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
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So the note about Put/Call ratio refers to the fact that the indicator is quite low, and it is usually a contrarian indicator.
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