Hi my fellow supporters, the SPX did drop and is now moving below support... What is the chart telling us now? Prices moved strongly below EMA10 and now also below MA200 (black line). The 2900/3000 level is the current active support range. SPX Chart Signals by Alan Masters Here we have multiple bearish signals taking place, there are no bullish signals at...
Hello friends, its mine first view on s&p500 index, This is a clear Uptrend. The down arrows point to the lower highs of the trend while the up arrows point to the lower lows. The Uptrend turns into a Downtrend when price makes and confirms a higher low at the upper right side of the chart. That higher low is only confirmed by the following move Downward. They can...
The S&P 500 Index (SPCFD) hit a new all-time high last week at 3258.1... This is very likely to be the top. Bearish divergence is visible with the MACD and RSI. The bearish close for last week's candle always results in a drop for the SPX. Whenever you get one red candle after multiple green candles, the candle that follows is always a drop, this is what I...
The S&P 500 (SPX) has been printing lower highs and is losing momentum, a potential drop is developing. On the chart above I've marked the different support levels as well as the different potential scenarios. We believe the SPX will move lower based on chart signals and past history. Feel free to leave a question and share your thoughts. Previous analysis:...