Indice S&P 500Short
Short opportunity on SPX
SPX index showing bearish divergence on RSI. While price have been moving up steadily for the last two months. RSI doesn't seem to track price instead it has been falling. This bearish divergence indicates there could be possible correction in SPX. From past correction, I guess it could be around 10% where there is a good support. Also this correction can be welcomed so we don't see a bubble burst scenario.
Hope you like this analysis. If you like please boost the idea or leave a comment on your thought. Otherwise, happy trading :-)
Hope you like this analysis. If you like please boost the idea or leave a comment on your thought. Otherwise, happy trading :-)
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