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caiogeaquinto

SP500 turns on the yellow light and US Investors need to be care

Short
Indice S&P 500 (FX:SPX500)  
caiogeaquinto  
FX:SPX500   Indice S&P 500
Trend Analysis Supply and Demand Trend Lines
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trendanalysis supplyanddemand trendline
Daily chart trading in a wedge with a bearish divergence in the RSI, showing that the trend has less momentum. However, the divergence does not mean that the price will reverse and start a selloff in the next days. In other words, the divergence means that the trader needs to carefully behold the price movement and wait for a reversal confirmation (maybe move their stops up in their stocks positions to protect the current profit in case of a fast and volatile downward movement). The RSI has a bearish divergence in the weekly chart as well.
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