Reversal Signal

SP:SPX   S&P 500 Index
Desmond's Reversal Signal Activated with ADL Support

Hey folks,

Quick heads up! I've noticed a 'Desmond's Reversal' signal getting triggered on our chart. This typically hints at a potential turnaround in the price trend.

What's more encouraging? ADL finally pushing back above its 21-Day Moving Average (21-DMA). This signals that buying pressure might be outweighing selling pressure, further supporting the reversal. And let's not forget a push above the 50-DMA.

Keep an eye out and trade safely!

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