SPX: The move has just started
$S&P 500(.SPX)$ : As cautioned in recent days, the touch of the upper Bollinger Band has indeed pulled the price down to the 20DMA [blue line].
It now appears the price is aiming for the lower Bollinger Band, and the bearish MACD crossover reinforces this bearish outlook. The move has just started.
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In the end the move was correct, because the first half of the month rally will retrace forming a very bearish long term setup. For March at the maximum.
Price action + technicals are primal.
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- fikres1998·2025-02-22Great article, would you like to share it?LikeReport