FX:SPX500 S&P 500 index of US listed shares
After a six-week rally, the S&P 500 has stalled short of record highs and made the unfavorable move of breaking its formation. Now out of its current and with a big range ahead of it, we have the 200 and 20-day moving averages just below. If it breaks, expect more of the medium-term swing bulls to fold.
Yes, I would like to tell one IMPORTANT view, people also can't find the pivot because macd divergence all the time on month charts, but fail at all. How to find out the right one? take a look on SEASON chart!!! macd on SEASON turn form Horizontal view to downward view. This happen was Financial crisis of 2007–08. TAKE A LOOK on large period if you fail to locate the trend finish or not. Really not a joke, less than 0.1% people watch season chart but the answer is on the SEASON chart.