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SPX,tactically speaking, too late to chase the rally

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S&P 500 Index (SP:SPX)  
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SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns S&P 500 (SPX500) trading daytrading daytrader tradershub stocksignals
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trendanalysis chartpattern spx500 trading daytrading daytrader tradershub stocksignals
The S&P500 future has completed a countdown, leading to a market timing sell signal identifying a trend exhaustion area below 2795.75. There is the same signal for the Nasdaq and in Europe, EURO STOXX 50, Euronext 100, FTSE Eurotop 100…In addition, the chart shows a MACD classic bearish divergence, suggesting the index has reached an area where price could reverse and start declining. It’s clear enough: this market is ready for a pause/pullback or reversal.

Tactically speaking, to say the least, it is too late to chase the rally.
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