stefcom

S&P 500 Divergence of Price vs. CCI + Trendline about to break

Short
SPCFD:SPX   S&P 500 Index
On the S&P 500 1H Chart, there is a bearish Divergence of Price vs. CCI that shows up above a TD Demand Line (based on TD Points Level 1).
A qualified Trendline-Break to the downside would confirm the bearish signal.
Trade closed: target reached: shortly after the divergence occured, there was another trendline.
A qualified trendline-break occured and the R:R based profit-target (1:2) was hit:
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Comments

There is a MACD bearish divergence on the daily chart right now... however nobody over the net seems to have noticed!
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stefcom liveandlearn
@liveandlearn, Thx - maybe you want to paste your chart here, or link to your analysis?
Using my own indicators, I spotted a MACD Divergence on the 4H chart - an there's a TD Demand Line below the divergence. So if the Demand Line will be broken to the down-side, this would be a strong sell-signal:
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stefcom stefcom
Here's my new Analysis, based on the MACD Divergence:
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