S&P500: Broke below wedge support

Too bad I now have to take back my idea we were going to hit resistance at 2950. As we broke through the short term upwards trend support, I now expect a drawdown to at least the 1 retracement which sits at around 2650, hence a trading approach right now would be short for the rest of the week. As the medium 100 MA on this 4h chart already went above the 1 retracement and the shortest term 10 MA crossed above the 100 MA however, we might see further sideways trading.

Let me know what you think!

تعليق:

And boy, let me tell you again I am not making comments about fundamentals.
By that I mean: What is going on with OIL right now is just ridiculous... Crazy times