[SPX] RSI Notes: 1W Lookin Pretty Bearish
RSI Notes:
Light blue is a bearish diverg
Yellow a bearish confirm
Orange is a 2Y downtrend channel
Dotted lines major 1D S/R
VPT crossing sell off signal at the 1D, still aligning for week of 26th.
Key to watch for is break below 5 SMA, that should take us to the 21 SMA and there we'll either bounce or more probably crash through down to around the 89 SMA again.
Light blue is a bearish diverg
Yellow a bearish confirm
Orange is a 2Y downtrend channel
Dotted lines major 1D S/R
VPT crossing sell off signal at the 1D, still aligning for week of 26th.
Key to watch for is break below 5 SMA, that should take us to the 21 SMA and there we'll either bounce or more probably crash through down to around the 89 SMA again.
Data analyst with a passion for best fit lines B)
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