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S&P 500 Index
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S&P 500 (SPX) Bearish Divergence On The Daily Chart

By AlanSantana
We just shared analysis for the S&P 500 (SPX) based on the weekly time frame, this is a continuation of this analysis on the daily time frame.

Let's take a quick look now, feel free to hit like...

  • Here we will focus more on 2019 and leave 2018 behind. We marked the all-time high price with a brown dashed line.

  • The main signals I want to point out are the decreasing volume and bearish divergence.

  • The MACD reached a peak on the 20th February, while the SPX reached a peak price on the 23 April, this is marked with a purple arrow on the chart. So you can clearly see the MACD moving down strong while the price is moving up.

    Here is the chart: snapshot


This is a continuation for our main weekly analysis which can be read here:
We Got The SPX Wrong, But The Signals Are Still Bearish (Drop!)


Thanks a lot for reading.

Namaste.
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