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Taurus_Brown_Research Taurus_Brown_Research SPX500, D, Short ,
SPX500: S&P500 Unhealthy Uptrend in Disguise
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SPX500, D Short
S&P500 Unhealthy Uptrend in Disguise

Retracement in the immediate term. The S&P500 index has been trending steadily higher within the bullish channel (purple) depicted above and is currently seen hovering near the channel’s upper boundary. Notice that, as the index continued to record higher highs along the upward trend, MACD was trending downward and recorded lower highs in the same period. This ...

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