goodguy

SPX Montly LOG: Bullish of Bearish??

SP:SPX   S&P 500 Index
It appears most folks here at this site are short term traders but I know many appreaciate technical analysis so hopefully you will find this interesting.
For the bulls: 1. Very long term trend UP. 2 Intermediate term trend UP. 3. Short term trend UP . 4. RSI monthly trend going up.
Hope for the last few bears left in this world: 1. Price is at the mid channel line on both the very long term channel and the intermediate term channel. 2. Price is at the 1.618 level of the expanding triangle. 3. There is a strong bearish divergence in the monthly RSI . 4. The world appears to be going into total chaos. 5. It would make Leonardo             Fibonacci happy.
Have a great trading week.
Tomb
PS: although I'm neutral today I would not be surprised to be bearish by next week or two.
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