FRED:SP500
I'm sure we have all witnessed the impressive streak of winning weeks on our favourite indice. Price is currently trading 6.85% higher than its 20 weeks average. Moreover, there's a clear divergence on the RSI that was just confirmed today. Don't worry though, nothing crazy, just a healthy correction in sight in my opinion. Price is likely to go down...
As Tesla bounced back up the last few days, the monthly chart is looking bearish since the RSI has gone under the 50% area. same thing goes for the weekly and the daily, where you see the price pulling back on the MA20 and MA50, making for a good entry point.
RSI is neutral on the daily chart and stochastic is bearish and about to cross.
On the weekly chart the...
