$SPX & $QQQ displayed bearish candles
$S&P 500(.SPX)$ & $Invesco QQQ(QQQ)$ displayed yesterday bearish candles on the 4H chart. Today, they show indecision again.
Although the candle isn't fully bullish, and thus a bounce is less probable, the potential remains. Risk management is essential: $5,616 and $476.7 respectively are today's resistances that were breached without conviction.
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SPX: The 4-hour chart accurately reflected anticipated the red day following the shooting star highlighted yesterday.
The key level is $5,616, which served as support today, coinciding with the 5DMA. Tomorrow will be crucial: Break or a bounce?
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