On the 4-hour chart, a sideways trend is observed, the instrument moves within the channel formed by the boundaries of Bollinger bands, the price range is narrowed. The MACD histogram is in the positive zone, while maintaining a moderate signal to open long positions. Stochastic is in the neutral zone, the oscillator lines reversed upwards from the border with the oversold zone.
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The S&P 500 Broad Spectrum Index is growing.
On the H4 chart, there is an upward correction. After exiting the lateral channel and the beginning of the formation of a downtrend, the instrument corrected to the center line of Bollinger Bands. The indicator cloud is expanded, which indicates the probable resumption of the decline in the short term. The MACD histogram is in the negative zone; its volumes are shrinking, and the signal for opening short positions is weakening. Stochastic is in the neutral zone, and the lines of the oscillator are directed downwards. The sell signal remains.
On the H4 chart, a downtrend has formed, the instrument is being traded near the lower border of Bollinger Bands; the indicator cloud is greatly expanded, indicating the likely downward trend in the short term. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic is preparing to leave the overbought zone, the oscillator lines are reversing down, forming a signal to open sell orders.
The broad-spectrum S&P 500 index fell slightly and is trading at 3091.4.