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RighteousTA

The Trend

Short
S&P 500 Index (SP:SPX)  
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SP:SPX   S&P 500 Index
Supply and Demand Trend Lines Candlestick Analysis S&P 500 (SPX500) SPX (S&P 500 Index) Stocks
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supplyanddemand trendline candlestick spx500 spx stocks
The trend of SPX is looking bearish with lower highs and higher lows on the weekly chart. I am expecting a move up and a bounce off the higher trend line to then bring us down to 3250. MACD is building momentum, RSI hidden bearish divergence and the index is up against hard resistance at 4163.
Comment:
Testing the upper trend-line.
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