Is SPX more likely to up than down tomorrow!
S&P500 Trend Analysis – SPX (EoD) Chart
Market closed in red again Friday and fall 43 points.
As most Tech stock were down.
Hourly and daily trend is still down.
Market closed 7 days in red in a row.
SPX closed again below 50 DMA.
Support is near around 4950 and 5009 is the resistance and swing highs is 5040.
Therefore, there are more chance for market have some relief rally tomorrow.
Please note these are just ideas and only opinions and not a financial advice.
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