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SPX: Ingredients Are There for a Rally

Long
S&P 500 Index (SP:SPX)  
LA_Designer  
SP:SPX   S&P 500 Index
Trend Analysis SPX (S&P 500 Index) S&P 500 (SPX500)
1
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trendanalysis spx spx500
I'll keep it short. As long as SPX holds above the 200W MA, I'm expecting a bounce/rally.

  • Bullish divergence on the RSI
  • Bullish divergence on the Money Flow Index
  • MACD histogram on the weekly starting to flip upward

In addition, my post for the VIX (below) is bearish.

VIX: Double Top + Broken Trend Line
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