SPX - Bearish RSI Divergence - 2000 - 2007 - 2019
Quick one here.
SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC.
This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices.
Another piece of information to bear in mind.
SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC.
This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices.
Another piece of information to bear in mind.
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.