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The Start of the US Recession is Near

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L'indice S&P 500 (SP:SPX)  
AlgoAlpha  
SP:SPX   L'indice S&P 500
Trend Analysis Fundamental Analysis Beyond Technical Analysis algoalpha Stocks sp500index Bearish Patterns recession usstocks usrecession fundamental-analysis techincalanalysis
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trendanalysis fundamental beyondta algoalpha stocks sp500index bearish recession usstocks usrecession fundamental-analysis techincalanalysis
Current economic, fundamental, and now technical data suggest that we are potentially nearing the start of the US Recession. Here are the technical factors that suggests the recession may have already begun⤵️

On the 1W chart, Price has rejected the $4.8k key resistance level
snapshot

on the 1D chart, the price is overbought and the RSI is indicating a bearish divergence
snapshot

And lastly, our momentum indicators have all turned bearish today, indicating that the downtrend has officially started, from a technical POV.
snapshot
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