SPX
hey guys its me again with my weekly analysis of S&P500
Ticker: SPX
TA: Bearish
why?
The bear flag. even though the RSI is oversold, there is no sign of a trend reversal yet i.m.o i think it may fall to the Red Resistance line due to the fact the bear flag has no reversal Candle and that the MACD still has room to fall based in the past even tho the RSI was oversold.
GL everyone Stay safe!!
don't forget to like and follow to see more great chart TAs
Ticker: SPX
TA: Bearish
why?
The bear flag. even though the RSI is oversold, there is no sign of a trend reversal yet i.m.o i think it may fall to the Red Resistance line due to the fact the bear flag has no reversal Candle and that the MACD still has room to fall based in the past even tho the RSI was oversold.
GL everyone Stay safe!!
don't forget to like and follow to see more great chart TAs
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