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SPX Conventional TA Confirms Correction
S&P 500 Index
Short
SPX Conventional TA Confirms Correction
By AlanSantana
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Feb 23, 2022
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Feb 23, 2022
The correction we have been seeing for a long while now has been "confirmed" by the conventional analysts... I think they use a 10% threshold...
For us the correction started once prices broke and closed below EMA10/50.
Confirmation happened at the double rejection on the EMA50 magenta line (marked yellow).
Now, we have a many red candles, a falling window and bearish indicators.. This all points lower.
Additional details on the chart.
Conditions for change
The falling window is the main resistance short-term, the first level to conquer if the bullish want back in the game.
Thank you for reading.
Namaste.
Chart Patterns
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Technical Indicators
SPX (S&P 500 Index)
S&P 500 (SPX500)
Trend Analysis
AlanSantana
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