Emini S&P 500 expectations.

Now look at this MACD price divergence and the change in price velocity (slowing move upward) in the 4 hours chart. I know more price action is needed but could this be a sign for a downward continuation during the next days?. What do you think ?.

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This price action is key. Will price break resistance and hold to start a new bull continuation or will price bounce off resistance to resume the downward move ?. Only time and price action will tell, stay tuned.

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Bulls in control, if price hold off above support level 31 then could be a good idea to keep playing long swing trade positions.

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malaspina said:
The MACD / Price divergence is one thing that bothers me. You can take a look at it at the chart above.
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There are problems associated with using oscillators - MACD included. Especially in isolation.
 
if price hold off above support level 31 then this could be the risk / reward scenario. If it breaks 2820 level reward could be bigger.

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