kentinvest

Weekly SPX Play

Long
TVC:SPX   S&P 500 Index
S&P 500 does not show any clear trend in the medium long term. The index is testing the resistance at points 2940. This could give a negative reaction, but an upward breakthrough of points 2940 means a positive signal. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically slightly negative for the medium long term.