Indeks S&P 500

SPX Analysis

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I don't wish to make a trade on the SPX I only analyse it in order to gain further knowledge of positions I have on stocks within the index. As seen the SPX retraced to a support even when there was strong momentum to the upside and also I could notice a divergence in momentum and price action with the RSI and MACD although I didn't include the RSI in the image beacue I don't like cluster on my analysis. With the RSI not overextended and with the macd pusing throwards 0 I can imagine a strong wave to the upside could occur. Now it's time be patient and see what the market gives me.

Penafian

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