rhodium45
Short

Is the SPX bullrun coming to an end?

SPCFD:SPX   S&P 500 Index
Good day ladies and gents ,

this is my first technical analysis on the SPX and it's clearly not a bullish one. The SPX had an astonishing bullrun over the recent years but a bear flag is marking its end. A double top formed on the RSI (14) indicator which only confirms the bearish breakout. The blue box on the chart acts a support and first target.

Keep in mind that I'm still a novice to TA and don't know too much about it. Feedback, be it positive or negative is very welcome.

Cheers
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out