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S&P 500 Index
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S&P 500 (SPX) Bearish Divergence On The Daily Chart

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We just shared analysis for the S&P 500 (SPX) based on the weekly time frame, this is a continuation of this analysis on the daily time frame.

Let's take a quick look now, feel free to hit like...

  • Here we will focus more on 2019 and leave 2018 behind. We marked the all-time high price with a brown dashed line.

  • The main signals I want to point out are the decreasing volume and bearish divergence.

  • The MACD reached a peak on the 20th February, while the SPX reached a peak price on the 23 April, this is marked with a purple arrow on the chart. So you can clearly see the MACD moving down strong while the price is moving up.

    Here is the chart: snapshot


This is a continuation for our main weekly analysis which can be read here:
We Got The SPX Wrong, But The Signals Are Still Bearish (Drop!)


Thanks a lot for reading.

Namaste.
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alanmastersBeyond Technical AnalysisbinanceBitcoin (Cryptocurrency)bittrexForexindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)StocksTrend Analysis
MasterAnanda
💥💥💥 90% OFF Available, All PREMIUM Channels (LIFETIME access) 👉 lamatrades.com (Since 2017)

Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971

🏆 More: t.me/alansantana1111/5935
Also on:

Related publications

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.