Sometimes markets can turn on New/Full Moons plus or minus two trading days.
There was a New Moon on 06/06/24. The next day SPX made a new all-time high unconfirmed by the Dow Jones Industrial Average and the Nasdaq Composite.
Daily RSI and MACD had bearish divergences.
The SPX moved marginally above the rising trendline of a bearish wedge.
A multi- month decline may have begun.
There was a New Moon on 06/06/24. The next day SPX made a new all-time high unconfirmed by the Dow Jones Industrial Average and the Nasdaq Composite.
Daily RSI and MACD had bearish divergences.
The SPX moved marginally above the rising trendline of a bearish wedge.
A multi- month decline may have begun.
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Related publications
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.