$SUI Signal Type -Short FREE SIGNAL DOWN TO MY POST ! 4H SHORT SETUP: Price just tapped into a POI after clean BOS.No bullish reaction ā signs of weakness.As long as we stay below $2.15, short setup is active.
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So we're facing a strong resistance on the daily ā EMA200 + EMA50 š
Without this bounce we would've already had a Death Cross, but the bulls want to prevent it.
š This looks like the September 2024 bounce into a potential Death Cross but after a Small Correction the price broke through it and the MAs didn't cross $BTC
The S&P 500 monthly chart shows a strong long-term uptrend with a recent sharp pullback after reaching a new high. The large blue arrows highlight key support levels, notably around the 4,700 area, which aligns with previous resistance-turned-support from late 2021. The trendline from previous highs suggests a long-term rising channel, but the recent candle indicates significant selling pressure. If the price holds above the marked support zone, a bounce may occur; otherwise, a deeper correction could follow.
This is why I put significant weight on the 50-week moving average (represented here as the 350-day MA). Itās a critical support level, and historically, we tend to bounce off itāeven during bear markets.