Get started
caiogeaquinto

SP500 turns on the yellow light and US Investors need to be care

Short
S&P 500 Index (FX:SPX500)  
caiogeaquinto  
FX:SPX500   S&P 500 Index
Trend Analysis Supply and Demand Trend Lines
3
0
trendanalysis supplyanddemand trendline
Daily chart trading in a wedge with a bearish divergence in the RSI, showing that the trend has less momentum. However, the divergence does not mean that the price will reverse and start a selloff in the next days. In other words, the divergence means that the trader needs to carefully behold the price movement and wait for a reversal confirmation (maybe move their stops up in their stocks positions to protect the current profit in case of a fast and volatile downward movement). The RSI has a bearish divergence in the weekly chart as well.
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.