S&P 500 IndexShort
S&P 500 Could Have a Short-Term Rally
On 01/02/25 the SPX made a maginal new low from its decline since early December 2024.
The bears could not follow through on the break out.
Hourly RSI and MACD had bullish divergences on the days low.
A multi-day rally may have begun. If so it could provide a great opportunity to short stocks.
The bears could not follow through on the break out.
Hourly RSI and MACD had bullish divergences on the days low.
A multi-day rally may have begun. If so it could provide a great opportunity to short stocks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.