Follow a Proven Stock Trading Plan
Get The Plan
Market Overview:
S&P 500 futures trade slightly lower but holding above the prior session’s lows. The trend remains bullish overall, yet the internal picture continues to soften. Momentum is shifting from broad strength to selective resilience, and buyers are still hesitant to press.
Bullish/Bearish Trend Analysis
Trend Condition: Bullish Trends: 12 Bearish Trends: 2
Trend Condition: Bullish but deteriorating internally
Explanation: Two EMAs have flipped bearish, reducing the stack from 14-0 to 12-2. This change is small numerically but meaningful structurally—it signals the first true erosion beneath the surface. When lower EMAs start turning down, it often reflects early weakness spreading through the structure.
Trend Structure: flattening, softening, early signs of rollover
Implication: The trend stack is still wide and upward but now losing uniform slope. When the faster EMAs roll first, the trend transitions from clean strength into a watch-phase where short momentum can stall. Pullbacks become easier to trigger, and upside rhythm becomes choppier.
Probability Outlook:
Continuation: 45% — weakening internals reduce confidence in trend extension.
Consolidation / Pullback: 55% — bearish EMAs and slope loss increase the likelihood of chop or retrace.
Charts by TradingView
Follow a Proven Stock Trading Plan
Get The Plan
Price Action and Momentum Zones
Current Price and Change:
S&P 500 Futures trade at 6,934.75, down 5.50 points (-0.08%).
Market Behavior:
Price sits right at the current demand block. Buyers are defending it for now, but the tape lacks urgency. This morning’s muted action shows no strong shift in tone.
Momentum Zones:
Price is at the upper momentum layer, not decisively inside it. A firm close above 6,940–6,960 would help restore short-term footing.
Fib Retracement Levels
Current Position Relative to Levels:
Price is still well above the 23.6% Fib retracement band.
Analysis:
As long as price holds above the shallow Fib region, the larger uptrend structure remains intact. However, with the trend stack weakening, the market becomes more sensitive to deeper retracements toward the 23.6% zone.
Overall Market Interpretation:
The trend is technically bullish, but internal momentum continues to erode. Two EMAs flipping red. Price behavior is neutral-to-soft, with no decisive buying pressure. Bulls must defend 6,800 and reclaim momentum to prevent the pullback from deepening.
Follow a Proven Stock Trading Plan
Get The Plan
Daily Trade Idea
Performance
Understand Risk
Tidak ada komentar:
Posting Komentar