Get started
S&P 500 Index
Short

ADX and DI looks like it triggered a sell alert

Looks like it's indicating a top here in the very near future. It would line up perfectly with a breakdown of the current trend in the 3-year channel and a bounce of the 20d SMA off the 50d SMA. These indicators aren't really used for estimating price points, but the mid-term trend would be the channel bottom around 2800-2850ish, most likely sometime in early to mid July. At that point we'd have to reassess.
kaxo1
Technical IndicatorsTrend Analysis
kaxo1

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.