Morning Charts 04/04/2019 SPX

Somewhat boring right now. Need some action. Something other than screaming CHINA would be nice.


On to the lie -

IHnS ready to explode, but no catalyst.  That never stopped them before. Expect consolidation around resistance area to continue. I’m holding out on the old ‘follow the Fed’ mantra. I prefer the rollover scenario to a deeper consolidation period over a massive upside move that the IHnS targets.

More to come below.

Have a good day.

GL and GB!