Price is retesting the bullmarket trend (100DMA) yet again. Often it holds, but when RSI shows prolonged weakening a break of the 100 DMA is the result. Good news, never does it drop below the last major high. Price stays above $6100 if history repeats.
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$SPX | Crucial moments
Price is retesting the bullmarket trend (100DMA) yet again.
Often it holds, but when RSI shows prolonged weakening a break of the 100 DMA is the result.
Good news, never does it drop below the last major high. Price stays above $6100 if history repeats.