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S&P 500 Index
Long

SPX reversal after fall from double top

98
SPX double topped last week and then proceeded to drop.

I see a rising trend line of higher lows ( green line),

SPX is nearly to the support trendline and is also touching

the lower Bollinger Band. VWAP is not shown but

price is below it. The Momentum Oscillator shows

a rapid decrease in negative momentum.

I see this as a reversal setup

worth watching.
AwesomeAvani
Double Top or Bottomes1momentumbreakoutMomentum OscillatorsOscillatorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) spylongtrendfollowingWedge

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.
Double Top or Bottomes1momentumbreakoutMomentum OscillatorsOscillatorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) spylongtrendfollowingWedge
AwesomeAvani

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.