S&P 500 IndexShort
The Start of the US Recession is Near
Current economic, fundamental, and now technical data suggest that we are potentially nearing the start of the US Recession. Here are the technical factors that suggests the recession may have already begun⤵️
On the 1W chart, Price has rejected the 4.8k key resistance level
on the 1D chart, the price is overbought and the RSI is indicating a bearish divergence
And lastly, our momentum indicators have all turned bearish today, indicating that the downtrend has officially started, from a technical POV.
On the 1W chart, Price has rejected the 4.8k key resistance level
on the 1D chart, the price is overbought and the RSI is indicating a bearish divergence
And lastly, our momentum indicators have all turned bearish today, indicating that the downtrend has officially started, from a technical POV.
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