SPX - Bullish reversal incoming?
Updated
Lots of bullish divergence. Stocastic RSI is oversold on the 3 day and 1 week charts (not shown).
Overall, I'm bearish on the major indices, but I think the next move from here is up. I'm keeping an eye on the EMAs, since the 20 day EMA just crossed the 50 day EMA.
Overall, I'm bearish on the major indices, but I think the next move from here is up. I'm keeping an eye on the EMAs, since the 20 day EMA just crossed the 50 day EMA.
Note
LOL. I was right, at least in the short term.
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