The analysis on SPX indicated bearish trend since major stocks market downfall on early Oct. Precision of TA still favorable towards down trend with minimum probability of bullish waves, EMA for 50 and 150 days shown above point out death cross occurred on 24 Oct. However, during mid election day SPX seems to have positive perception from investor where aggressive uptrend was formed with total of 7% increased within 13 Days reaching new resistance at 2815 thus an optimistic bullish EW to breakout from resistance. However due to oil price falls a very conservative bearish trend was favorable towards verge below support 2758.
Personally I'm still bearish with SPX.
Personally I'm still bearish with SPX.
