i have written brief analysis on the chart i hope this will help you picture future SPX500 structure for closing this week and beginning of the next week.
don't take this as financial advice. i will not recommend this for anyone do your own research analysis, this chart is giving people other perspective of the market
On Monday Elon Musk sold worth of $5 billion tesla Stock for taxation which broke 8 day streaks, but this is normal, due to lack of supply in IT industries, big components of SPX500 companies such as Microsoft, Apple, Google stocks stars experiencing downward pressure. Due to Cargo ships stuck outside of the ports causing also big depression that American's concerns about will be where enough goods for upcoming holidays events causing people panic buy increasing Inflation further.
don't take this as financial advice. i will not recommend this for anyone do your own research analysis, this chart is giving people other perspective of the market
On Monday Elon Musk sold worth of $5 billion tesla Stock for taxation which broke 8 day streaks, but this is normal, due to lack of supply in IT industries, big components of SPX500 companies such as Microsoft, Apple, Google stocks stars experiencing downward pressure. Due to Cargo ships stuck outside of the ports causing also big depression that American's concerns about will be where enough goods for upcoming holidays events causing people panic buy increasing Inflation further.