YaKa

SPX daily update

FX:SPX500   S&P 500 Index
2

New upside is marginal, limited and slow from top to top > Dont get fooled by resilience.

The important supporting moving average has shifted to the 160d ema.

Locally expecting a return on the 160d ema (4% lower).

Then there could be a last move up to 2140 (not guaranteed).

A correction to the 500d ema is probably pending (10% down).
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.