Description
⋅ S&P500 Index Weekly.
50 sma. 200 sma.
Sitting on 50 sma, within downtrend_channel.
Horizontal channel, rectangular range ( record high, 1900 ).
MACD bearish divergence, breaking down.
RSI brake_down. Uptrend_line and horizontal support.
7 year cycle. (republished chart) S&P 500 Monthly, attached link.