Spx is showing signs of an upcoming bearish market
The indicators are bearish:
-Macd Has shown a bearish cross, the cross is above the 0 line as well
-Rsi has a regular bearish divergence on the chart, price creating higher high while indicator is going lower and lower
According to market cycle we are about to enter a bearish cycle and create a lower low on the chart.
It is likely we will retest the support box shown on the chart.
The indicators are bearish:
-Macd Has shown a bearish cross, the cross is above the 0 line as well
-Rsi has a regular bearish divergence on the chart, price creating higher high while indicator is going lower and lower
According to market cycle we are about to enter a bearish cycle and create a lower low on the chart.
It is likely we will retest the support box shown on the chart.
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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.
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.