Spx 3 month timeframe analysis
Spx is showing signs of an upcoming bearish market
The indicators are bearish:
-Macd Has shown a bearish cross, the cross is above the 0 line as well
-Rsi has a regular bearish divergence on the chart, price creating higher high while indicator is going lower and lower
According to market cycle we are about to enter a bearish cycle and create a lower low on the chart.
It is likely we will retest the support box shown on the chart.
The indicators are bearish:
-Macd Has shown a bearish cross, the cross is above the 0 line as well
-Rsi has a regular bearish divergence on the chart, price creating higher high while indicator is going lower and lower
According to market cycle we are about to enter a bearish cycle and create a lower low on the chart.
It is likely we will retest the support box shown on the chart.
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