SPX
SPX is still trading in the bullish channel on the weekly timeframe. However, macd on the weekly time frame is showing signs of exhaustion and RSI is forming a bear divergence.
If we look at the LTF, it is looking for a retest of 4550 and macd is also expanding in the bearish territory.
Looking at the current economic conditions and the news of covid's new variant, I'd advise to stay on sideline for a while.
If we look at the LTF, it is looking for a retest of 4550 and macd is also expanding in the bearish territory.
Looking at the current economic conditions and the news of covid's new variant, I'd advise to stay on sideline for a while.
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.
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.