US500 is currently reacting to resistance level that results from 1:1 market geometry (3,160 pts). An upward move which was started at 7:30 am BST looks exactly the same as the one that started after 04:30 pm BST during yesterday’s trading. Should the current M30 candle close at current levels or below, today’s gains may be erased even further. Meanwhile CNBC reported that the index has formed its first ‘golden cross’ since April 2019 which in theory should be regarded as a bullish chart pattern.
US500 M30 interval. Source: xStation5
Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher
Oil surges 11% amid escalating Middle-East conflict 📈VIX gains driven by fear on Wall Street
BREAKING: Iran signals Europe will be 'a legitimate target' if EU joins war
Wall Street tries to stop the deeper decline 🗽Marvell Technology jumps 10%