SPXFollowing on from my previous idea published, this is the SPX chart I referenced towards the end of it
*I wanted a separate place to publish the SPX chart so I could provide updates & further detail as time goes by
Now with SPX, it's in an ascending wedge with multiple bearish divergences on the 2-weekly chart (best visualization of that).
SPX 2-weekly bullish exhaustion is present with the bearish divergence inside the rising wedge pointing to a severe correction being possible for SPX
Keeping my eye on this one & will post updates when available.
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4hr pretty major bearish divergence on MacD
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12hr chart showing downside potentialDXY weekly double bottom
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Possible Bearish Continuation For Stocks
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Related charts are scattered throughout this idea:
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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.