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S&P 500 Index

SPX: Will This Pattern Repeat?

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As we can see, price action is in a downtrend with bullish divergence on the daily. Somewhat of a similar pattern to 2018. If SPX breaks above the 50 + 200 MA, then that would be bullish. Otherwise we continue down the channel, possibly below 3600.
LA_Designer
SPX (S&P 500 Index)Trend Analysis

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SPX (S&P 500 Index)Trend Analysis
LA_Designer

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.