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S&P 500 Index
Updated

S&P 500 Index Falling Wedge Broken, Time To Drop? (Chart Signals

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The falling wedge we saw recently on the SPX (S&P 500 Index) has been broken... Below the SPX chart signals

  • We now have prices trading below EMA10 and bouncing of EMA50.
  • The MACD is showing a bearish cross while it starts to trend down.
  • The trading volume continues to go lower, which is a bearish signal.
  • We also have a lower high yesterday compared to the 29th of April.



    • These are the signals coming from this chart, which are mostly bearish.
      If EMA50 holds (2838.53), prices can bounce, but when this level breaks it can go straight down.

      Here is my previous analysis...
      S&P 500 Index Can Print One Last Green Before New Drop


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Note
(DJI) Dow Jones Industrial Average
Dow Jones Looking Bearish (Chart Signals)
Note
S&P 500 Index Update Coming Soon...
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alanmastersBeyond Technical AnalysisindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) StocksTrend Analysis

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alanmastersBeyond Technical AnalysisindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) StocksTrend Analysis
MasterAnanda
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4

🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Also on:

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.