Key Levels With MACD Divergence For SPX500 19/03/19

19 במרץ 2019

On the 15 minutes chart of SPX500, we can see very clearly the divergence between MACD and the price records, the divergence on MACD indicator is not a signal for me to sell, it just tells me that the uptrend we can see on the 15 minutes chart is powerless, there are 2 options I'm waiting for to sell.
1 - if the price will breakout the support below I'll look for price action setup to sell,
2 - Sell at 2870.00 on the first touch, it's a great supply that we can see on the daily chart.
In both cases, the demand below will be the first target and the final target is 2400.00 zones.