Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming for $2500...but you never know...
So I'm keeping an eye on this space, keep looking for signals and see how it looks the end of July.
Resistance zone $2400-2500
Support zone $1850-2150
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming for $2500...but you never know...
So I'm keeping an eye on this space, keep looking for signals and see how it looks the end of July.
Resistance zone $2400-2500
Support zone $1850-2150