SPX plunged more than 100 points from top and closed more than 1.2% down.
First time RSI fell bellow 50 after Nov 2023, its big bearish sign for month of April!l
- Weekly Trend is Still up
- Daily candle closed well below 20 EMA and trend reversed
- Hourly Trend is down
- Weekly swing high is at 5226 and daily resistance is 5180
- Weekly swing low is around 5104 and daily support at 5134.
First time RSI fell bellow 50 after Nov 2023, its big bearish sign for month of April!l
- Weekly Trend is Still up
- Daily candle closed well below 20 EMA and trend reversed
- Hourly Trend is down
- Weekly swing high is at 5226 and daily resistance is 5180
- Weekly swing low is around 5104 and daily support at 5134.
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