SPX double topped last week and then proceeded to drop.
I see a rising trend line of higher lows ( green line),
SPX is nearly to the support trendline and is also touching
the lower Bollinger Band. VWAP is not shown but
price is below it. The Momentum Oscillator shows
a rapid decrease in negative momentum.
I see this as a reversal setup
worth watching.
I see a rising trend line of higher lows ( green line),
SPX is nearly to the support trendline and is also touching
the lower Bollinger Band. VWAP is not shown but
price is below it. The Momentum Oscillator shows
a rapid decrease in negative momentum.
I see this as a reversal setup
worth watching.