SPX500 summary 11 August 2022

Is this a shooting start on daily chart?
The market reached 4250 and, as expected, was rejected.
It’s still holiding above 200EMA, so it might be here for a while.

I’m also looking closely ar VIX - which showed a little green today although I don’t see MACD turning around yet.

Trading is risky, please do your own market analisys before entering the market.
Bearish PatternsTechnical IndicatorsMoving Average Convergence / Divergence (MACD)Shooting StarS&P 500 (SPX500)Trend Analysistrinnisiatrades

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