SPX - Conflicting signals

SmartReversals
04-16

$S&P 500(.SPX)$ - Conflicting signals: Bearish Death Cross (50-day MA crossing below the 200-day MA) versus a bullish MACD crossover.

The indecisive candle closing near the 20 DMA suggests that this moving average is once again hindering the bounce's continuation. A red day following a bullish MACD cross is normal.

All eyes on tomorrow's candle and the $5226 level, which is the line in the sand to invalidate the bounce thesis.

$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$

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