Unstoppable SPX movement about to be stopped?
Hello everyone.
The following schematic I produced mid 2022 is showing that our current 4550 levels will act as a resistance to the bullish price action we have been getting from positive macro data. RSI on daily is at 70 as well as a bearish divergence being present. It is VERY likely we will see price move back to the 50D MA (4336). I'm flipping bullish from 4440 and below.
The following schematic I produced mid 2022 is showing that our current 4550 levels will act as a resistance to the bullish price action we have been getting from positive macro data. RSI on daily is at 70 as well as a bearish divergence being present. It is VERY likely we will see price move back to the 50D MA (4336). I'm flipping bullish from 4440 and below.
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