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SPX: Another failed bounce, and the current candle is bearish
@SmartReversals：
$S&P 500(.SPX)$ : Another failed bounce, and the current candle is bearish. The Stochastic is turning downward, and rejection occurred again at the confluence of $5727 and the 200 DMA. Key moving averages to watch are the 200 DMA (bullish above) and the 10 DMA (bearish below). Which will prevail? $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $VanEck Semiconductor ETF(SMH)$ $NVIDIA(NVDA)$ Image And this is my last pridiction： The 4H chart yesterday anticipated well the bounce. However, the rally faded after price neared $5,727, casting doubt on its sustainability. The bounce thesis is invalidated if $5,633 is breached. Stochastic is curling down too early. Will price action make it to the 20DMA? Image
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