$SPX - A Downtrend to Break

SmartReversals
01-16

$.SPX(.SPX)$ - A Downtrend to Break:

Yesterday's indecision candle proved to be just a hiccup in the ongoing bounce, consistent with previous candles highlighted. Tomorrow will be a key test, determining whether the series of lower highs continues.

While the current daily candle is stronger than at the last peak, a gap remains open, similar to the previous top. Holding above the 20DMA is crucial for bullish continuation.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $Cboe Volatility Index(VIX)$

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