SPX is overbought and flashing some bearish signals
1 Day chart.
Bearish divergence showing up on the MACD histogram and wave trend.
Bearish divergence possibly forming on RVGI.
All the oscillators I like are showing the SPX is overbought (especially Slow Stochastic, which is used to show overbought/oversold) and is likely due for a pullback.
Price historically reverses when RSI gets this high.
Bearish divergence showing up on the MACD histogram and wave trend.
Bearish divergence possibly forming on RVGI.
All the oscillators I like are showing the SPX is overbought (especially Slow Stochastic, which is used to show overbought/oversold) and is likely due for a pullback.
Price historically reverses when RSI gets this high.
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