ES / S&P500 to Retrace from virus effects...
Technically, the S&P500 (and its corresponding /ES futures) are bearishly divergent iin the MACD in fractal time frames of 1h, 4h, and evenn Daily charts. Shown here is the 4h chart of /ES and it gapped down in Asian opening hours after a lond weekend holiday. This appears to be a Gap and Run scenario, at least at this point of time.
This move appears to have been triggered by Apple's warning of missing sales.
The retracement is firmed upon breaking down of 3370, a bounce off 3350, and looking for support bout 3290.
The DJI and NASDAQ should similarly follow.
Heads up...
This move appears to have been triggered by Apple's warning of missing sales.
The retracement is firmed upon breaking down of 3370, a bounce off 3350, and looking for support bout 3290.
The DJI and NASDAQ should similarly follow.
Heads up...
