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UnknownUnicorn21312077

Could this be a Dead Cat Bounce? 🙀

S&P 500 Index (SP:SPX)  
UnknownUnicorn21312077  
SP:SPX   S&P 500 Index
Trend Analysis Support and Resistance Technical Indicators SPX (S&P 500 Index) Relative Strength Index (RSI) rsi_divergence deadcatbounce sellinmay
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2
trendanalysis supportandresistance indicator spx relativestrengthindex rsi_divergence deadcatbounce sellinmay
Hello traders! The S&P almost hit our target at 4,118 (only 10 points from it...), but it still could reach there. We must be careful with the resistance lurking around the 4,175. The S&P could hit there and drop again.

We still have a strong divergence on RSI, and the price is still looking weak. Be careful with the Dead Cat Bounce. I wonder if we'll finally see a Sell In May and Go Away... 🤔

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See you soon,
Melissa.

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