🎈

Let's do an early report today

🎈

#US500 First, let's talk about the US stock market, focusing on the S&P 500 index

After breaking the previous trendline, the price failed to rebound, resulting in a downtrend.

Now we see the mid-term low around 5850 on the hourly chart (where some consolidation has formed).

If it can't push up further, it may continue to drop, hitting the support around 5780 on the four-hour chart.

Subsequently, the price climbed back to the original 5850, forming a small head and shoulders on a smaller micro level.

During the breakout of the neckline, it reached a 1:1 position (which is around 5975; if it goes higher, it will reach the daily level of 6000).

The MACD energy bars on the daily level for the S&P 500 have formed a double top divergence.

In terms of price, it has also touched the key level around 6000 on the daily chart.

👀

This has created some pressure, and the current pullback mainly focuses on the current position on the hourly chart.

If there is a significant break down and it doesn't recover,

then we need to pay attention to the price around 5840-5828 on the four-hour chart.

If it can't hold, then the S&P 500 may face a local pullback towards lower positions. As it stands, it is still too early to say.

😀

I will continue to update the dynamics of the S&P 500 index in the future #美股崩盘