cgh118

Temporary Bottom?

SPCFD:SPX   S&P 500 Index
We are now seeing a daily bullish divergence between price and RSI . RSI made a new higher low when the price created a new lower low. I see this as a temporary bottom and a modest recovery.
Comment: Also seeing that we have bounced off of the 200 week moving average support which leads me to believe we will see an upward trajectory for a bit.

Comments

shouldnt go above 3k~
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cgh118 Altcoinsmart
@Altcoinsmart, yeah that would be a good logical resistance point.
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@cgh118, just based on the trend buddy, the downward channel will break otherwise. 2960ish
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cgh118 Altcoinsmart
@Altcoinsmart, gotcha
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cgh118 Altcoinsmart
@Altcoinsmart, Also most likely confluence with 200 day moving average as now a resistance as well.
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