SPX Analysis, Key Levels & Targets for Day Traders Feb 12 We’s been consolidating sideways here a bit and slightly up and if you look at the moving averages that’s the same. Slightly up and sideways.
We have a green signal line on the day though it's weak and more of a cautious looking for direction type of stance.
35EMA is above the 30min 200 even though it looks weak its still above and that is bullish. Downtrend above us here and then ash’s are at the top of the trading range.
Bull gap underneath us with the support of the 50DMA
CPI and Jerome Powell today so Trade carefully.
I didn’t put a position on today from yesterdays power hour like I have been so I am depending on the intraday move to get in today.
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