SPX Weekly Chart
Updated
Well, we're at the top of the pitchfork, showing a fair bit of bearish divergence, and the supertrend just flipped red. This could just be a blip, but it's certainly worth keeping eye on. RSI needs to reset before we make another strong run upward. I'm not yet ready to call the start of a bear market, but this isn't a great look. A lower high to go with this newest lower low will help confirm a bear trend.
Have fun, and good luck.
Have fun, and good luck.
Note
That's another view of the S&P that I like and trust. Things could get worse from here.
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