S&P500 Trend Analysis For April 05
SPX plunged more than 100 points from top and closed more than 1.2% down.
First time RSI fell bellow 50 after Nov 2023, its big bearish sign for month of April!l
- Weekly Trend is Still up
- Daily candle closed well below 20 EMA and trend reversed
- Hourly Trend is down
- Weekly swing high is at 5226 and daily resistance is 5180
- Weekly swing low is around 5104 and daily support at 5134.
First time RSI fell bellow 50 after Nov 2023, its big bearish sign for month of April!l
- Weekly Trend is Still up
- Daily candle closed well below 20 EMA and trend reversed
- Hourly Trend is down
- Weekly swing high is at 5226 and daily resistance is 5180
- Weekly swing low is around 5104 and daily support at 5134.
Gurmeet Singh,
Life Begins At The End of your Comfort Zone..
Life Begins At The End of your Comfort Zone..
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