Description
⋅ Three main indicators gone bearish for the S&P 500 Index (SPX) on the daily timeframe.
(1) SPX goes daily below EMA50 on a strong bearish candle with rising volume.
(2) MACD moves below zero entering the bearish zone.
(3) RSI goes below 50 going bearish.
These signals support my previous analysis a few days ago.
The peak happened in early January...
It has been dropping now for more than 3 months.
Namaste.