SPX - $6078 continues rejecting price

SmartReversals
01-31

$.SPX(.SPX)$ - The 20MA in the 4 hours timeframe is carrying the bounce, and $6078 continues rejecting price.

A revisit to the 20DMA is likely, especially given the typical market reaction following Powell's speeches. The triangle is about to squeeze.

ImageImage

$Meta Platforms, Inc.(META)$ - Indecision candle with high volume and above the Bollinger band. Stochastic curling down in overbought zone.

$Apple(AAPL)$ earnings will inject fuel to the market, but a consolidation is guaranteed for META.

ImageImage

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
6