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S&P 500 Index
Short

The Trend

By RighteousTA
Updated
The trend of SPX is looking bearish with lower highs and higher lows on the weekly chart. I am expecting a move up and a bounce off the higher trend line to then bring us down to 3250. MACD is building momentum, RSI hidden bearish divergence and the index is up against hard resistance at 4163.
Comment
Testing the upper trend-line.
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Candlestick AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)StocksSupply and DemandTrend Lines
RighteousTA
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