SP500 Index in trouble as price action is below the cloud!
SP500 Index in trouble as price action is below the cloud!
SP500 index gapped down below the bottom end cloud chart support levels and is now in bearish outlook on the daily and 4 hour cloud charts. Getting closer to September lows and key support zones for a potential rebound back to the bottom end of the cloud!
Key cloud chart support and resistance levels discussed. Looking for rebound swing trades at support levels!
Bearish on daily and 4 hour up to the key support zones! Then a relief rally back up to bottom end of the cloud!
Bullish on weekly cloud for Q4 since price action is still above the cloud, but with downside risk to the Base Line of the weekly cloud!
Happy cloud chart trading!
SP500 index gapped down below the bottom end cloud chart support levels and is now in bearish outlook on the daily and 4 hour cloud charts. Getting closer to September lows and key support zones for a potential rebound back to the bottom end of the cloud!
Key cloud chart support and resistance levels discussed. Looking for rebound swing trades at support levels!
Bearish on daily and 4 hour up to the key support zones! Then a relief rally back up to bottom end of the cloud!
Bullish on weekly cloud for Q4 since price action is still above the cloud, but with downside risk to the Base Line of the weekly cloud!
Happy cloud chart trading!