$SPX - Time To Take Some Money Off the Table?
Similar to the the Nasdaq, nn a technical basis, it seems like the S&P500 may bee running into a little bit of a headwind as well. As can be seen in the weekly chart, it appears a "Shooting Star" pattern has formed, coupled with negative divergence in the Smart Money Index. Furthermore, if one looks at the S&P's monthly chart, one can see that an "Evening Star Doji" as forming as well.
We believe that it for those who are in the S&P500, it would serve them best to take some money off the table at the moment.
We believe that it for those who are in the S&P500, it would serve them best to take some money off the table at the moment.
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.