Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?!
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming for $2500...but you never know...
So I'm neutral at this moment yet am leaning towards a short but I must keep my head clear and not get biased in my own thinking. So I'm keeping an eye on this space, keep looking for signals and see how it looks the end of July.
Resistance zone $2400-2500
Support zone $1850-2150
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?!
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming for $2500...but you never know...
So I'm neutral at this moment yet am leaning towards a short but I must keep my head clear and not get biased in my own thinking. So I'm keeping an eye on this space, keep looking for signals and see how it looks the end of July.
Resistance zone $2400-2500
Support zone $1850-2150