$SPX - Stochastic Crossover Imminent?
1. $.SPX(.SPX)$ - Stochastic Crossover Imminent?
Red arrows highlight previous crosses that preceded small pullbacks to the 20 or 50 DMA.
The daily candle is a potential evening star that needs confirmation, the 4H chart builds on the reversal thesis.
How can an evening star be confirmed?
The next candle should close below the midpoint of the previous bullish candle (Friday's candle).
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2. $Invesco QQQ(QQQ)$ : Microscopic gap at $510.34
However, the daily candle is not bearish, and there is a bullish MACD that may bring more upside to price.
$513 should stay as support to rule out a reversal that the 4H doji is suggesting.
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3. $iShares Russell 2000 ETF(IWM)$ : Fifth indecision candle in a row while money flow index is in decline; diverging from price.
As long as price stays below $242, any long position is in risk for a breakdown.
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