S&P 500 IndexShort
SPX Trading Weekly Below EMA50 & Feds Rate Hike... NOT?
We do have a "hammer" last week on the SPX but the hammer is only good/valid when it comes near support or at the bottom of a trend.
Here it doesn't mean much.
(The candle in purple)
Now, the SPX has gone below EMA50.
The week is still young.
This analysis is also true for the NDX (Nasdaq) and DJI (Dow Jones), they all move together.
My believe is that it will drop but believes have nothing to do with the charts.
We follow the candles as described above.
By the way, the Feds might use the war as an excuse to not raise rates later on.
Namaste.
P.S. If you want to see a hundred different versions of this same analysis (more details/different signals), visit the link below: tradingview.com/u/AlanSantana/
Here it doesn't mean much.
(The candle in purple)
Now, the SPX has gone below EMA50.
The week is still young.
- If the week closes below EMA50, look back at March 2020, that is what we are expecting but stronger.
- Closing above EMA50 invalidates this signal.
This analysis is also true for the NDX (Nasdaq) and DJI (Dow Jones), they all move together.
My believe is that it will drop but believes have nothing to do with the charts.
We follow the candles as described above.
By the way, the Feds might use the war as an excuse to not raise rates later on.
Namaste.
P.S. If you want to see a hundred different versions of this same analysis (more details/different signals), visit the link below: tradingview.com/u/AlanSantana/
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