Get started
InvestingScope

S&P500: Bearish reversal to the 1D MA100.

Short
US 500 (CAPITALCOM:US500)  
InvestingScope  
CAPITALCOM:US500   US 500
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) us500 standardandpoor500 S&P 500 E-Mini Futures spxtrading index indextrading
12
1
trendanalysis chartpattern indicator spx us500 standardandpoor500 es1! spxtrading index indextrading
The S&P500 remains bullish on its 1D technical outlook (RSI = 60.356, MACD = 47.470, ADX = 36.597) but today is having so far the strongest bearish 1D candle since December 15th 2022. Having hit the 0.786 Fibonacci level of the Channel Up at the start of the week, this can be a technical correction to at least the 1D MA100 if the 1D MA50 breaks. Consequently we have a short term TP = 4,980.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.