S&P500 has turned neutral on the 1D technica outlook (RSI = 47.788, MACD = 28.200, ADX = 43.854) as it made a LL for the first time since the October 27th 2023 bottom, marking the end of that two month rally. That was the latest bullish wave of the 15 month Channel Up. According to the three prior peaks that formed HH on the Channel Up, the index should kickstart a pullback that should cross under the 1D MA50 and may extend as low as -9.00% even. The RSI Channel Down patterns among all those …
S&P500: Top officially formed
S&P500 has turned neutral on the 1D technica outlook (RSI = 47.788, MACD = 28.200, ADX = 43.854) as it made a LL for the first time since the October 27th 2023 bottom, marking the end of that two month rally. That was the latest bullish wave of the 15 month Channel Up. According to…
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