S&P 500 IndexShort
SPX Turn May Gain Momentum Below 200-Day SMA
After a six-week rally, the S&P 500 has stalled short of record highs and made the unfavorable move of breaking its rising wedge formation. Now out of its bullish current and with a big range ahead of it, we have the 200 and 20-day moving averages just below. If it breaks, expect more of the medium-term swing bulls to fold.
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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.