US500, H4
On the H4 timeframe, US500 navigates within a global trendline and testing it at the 5840 support level.
The Momentum crosses the 100-line down. However, the 50-MA gives an extra support for the asset:
- If the price bounces from the 5840, it may rise to 5880 resistance.
- However, breaching below the 50-MA and a trendline, will trigger a decline to 5775.
