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S&P 500 Index
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WILL THE S&P 500 COME CRASHING DOWN? TRIPLE RSI DIVERGENCE?!

70
S&P 500 (SPX) Is considered to be one of the primary benchmarks for the U.S economy. Recently it appears to be showing a triple bearish RSI divergence, DMI indicating bearish with ADX above 20, and a bearish MACD on the 1 Month chart. The technical analysis seems to have a highly bearish hypothesis in my opinion. If we give some thought to Ray Dalio's Principles for Dealing with the Changing World Order, some haunting indicators appear to be forming. Could this just be a minor correction? Or is this the beginning of an extended economic downturn?

Disclaimer: Not financial advice.
TRADEABLESKUNK
analysisBearish PatternsChart PatternscrashDROPeconomyTechnical IndicatorsrecessionSPX (S&P 500 Index)technicalsTrend AnalysisUSA

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.
analysisBearish PatternsChart PatternscrashDROPeconomyTechnical IndicatorsrecessionSPX (S&P 500 Index)technicalsTrend AnalysisUSA
TRADEABLESKUNK

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.