#S&P500 cautious!
- Now it has gone too far.
- In order for the SPX uptrend to be sustainable, 2 correction cases should occur.
+ Case 1. Back to the MA50 green line, the yellow support line confluence.
+ Case 2. Back to the MA200 red line, the yellow support line confluence.
#S&P500: time frame weekly, cautiously with 2 candlesticks on the top , The RSI is in the overbought zone, the increase is not much.
#S&P500: time frame daily, a sign of a bearish divergence?
- Now it has gone too far.
- In order for the SPX uptrend to be sustainable, 2 correction cases should occur.
+ Case 1. Back to the MA50 green line, the yellow support line confluence.
+ Case 2. Back to the MA200 red line, the yellow support line confluence.
#S&P500: time frame weekly, cautiously with 2 candlesticks on the top , The RSI is in the overbought zone, the increase is not much.
#S&P500: time frame daily, a sign of a bearish divergence?