Sylynt056

SPX Analysis week of 10-17 SELL

Short
SP:SPX   S&P 500 Index
(N) Market MACD right on 50/50 signal below ma.
rsi bull right above 50/50 signal above ma. market In (N) phase (pullback) for now can expect primary trade in decline double top forming for reversal. expecting market to take the lessor incline (4.47%) and more of the significant decline @ -6.88%

Climbage Projectile:
P1:
INCLINE: 4.47%
DECLINE: -3.11%

P2:
INCLINE: 8.62%
DECLINE: -6.88%

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.