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S&P 500 Index

SPX - Diamonds in July

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The Short term rising wedge broke bear. The Diamond pattern is for Theta burn. SPX support at the confluence of the 2 Hour 8 EMA and MBB. Supported by a Higher Low at the 2 Hour LBB with the 50 SMA in the middle of that lower range. Diamonds are fake-out machines. Momo names have lost the bid with the safety of mega-tech the current place to be.
Pennywick
Chart PatternsdiamondSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsdiamondSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
Pennywick

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.