Emini S&P 500 expectations.

Now look at this MACD price divergence and the change in price velocity (slowing move upward) in the 4 hours chart. I know more price action is needed but could this be a sign for a downward continuation during the next days?. What do you think ?.

 

Price weakening, waiting for more price action.

 

This price action is key. Will price break resistance and hold to start a new bull continuation or will price bounce off resistance to resume the downward move ?. Only time and price action will tell, stay tuned.

 

Bulls in control, if price hold off above support level 31 then could be a good idea to keep playing long swing trade positions.

 

The MACD / Price divergence is one thing that bothers me. You can take a look at it at the chart above.

 

There are problems associated with using oscillators - MACD included. Especially in isolation.

 

Thanks for the note. I will keep an eye on it. Have a great weekend.

 

if price hold off above support level 31 then this could be the risk / reward scenario. If it breaks 2820 level reward could be bigger.