The S&P 500 Index, No More Politics

We looked at the S&P 500 Index (SPX) and also took into consideration its potential effect on politics and vice versa... (see related ideas below this post)

Our support has been taken out and the day started red...
Let's have a look at the SPX chart and see what it has to say.


Chart Analysis | SPX Daily (D) @AlanMasters

We now have full bearish indicators for the SPX.

The MACD easily moved below zero and gaining bearish momentum.

The RSI is now below 40 looking weak and with room for more low.

Prices closed below EMA50 easily and the lower trendline is being tested as support.

According to all the chart signals, the SPX is bearish and continue to drop.

We also looked at the Dow Jones (DJI)

And FTSE100 (UKX)

Namaste.