SPX500 bearish as Momentum turns down
SPX500 1hr chart on top
200MA and 50MA will 'death-cross' (60m chart) if the acceleration of downward momentum continues.
Downward momentum is evident in 3 custom momentum indicators.
The momentum picture is similar (bearish) on all TF's from 30m to 240m.
I intend to short upon sufficient confirmation of a reversal.
200MA and 50MA will 'death-cross' (60m chart) if the acceleration of downward momentum continues.
Downward momentum is evident in 3 custom momentum indicators.
The momentum picture is similar (bearish) on all TF's from 30m to 240m.
I intend to short upon sufficient confirmation of a reversal.
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