On this weekly chart, the SPX just couldnt look more bullish to me.
Check out the volume surges and the RBL on the RSI. Also note that price and the RSI are both sitting on support right here and at a retest of the DTL.
The only thing I dont like is the negative divergence on the RSI and the PAs multiple failures to make new highs.
If the SPX rolls 2000s and then 1930s I will start to worry.
Check out the volume surges and the RBL on the RSI. Also note that price and the RSI are both sitting on support right here and at a retest of the DTL.
The only thing I dont like is the negative divergence on the RSI and the PAs multiple failures to make new highs.
If the SPX rolls 2000s and then 1930s I will start to worry.