MES1! Likely Retracement Ahead Based on RSI and MACD & Timing
SPX has been in a tight range, grinding higher slightly every day. Momentum indicators have signaled a downturn as well as the divergence throughout this 40-day long rally. The targeted retracement is 50% Fib by mid-Jan of 2021. Levels are 3591,and then 3515 (50% Fib)
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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.