SPX S&P 500 2-Hour Chart; Overbot; Negative Divergence

The S&P 500 prints a record high at 2873.33 today but not a record closing high. Price retreats after the euphoric high due to the negative divergence in play. Stochastics are overbot agreeable to a pullback. The SPX may seek the middle band at 2844 and rising as an initial downside target.

Bombshell political news occurs after the bell where President Trump's former attorney Michael Cohen agrees to a plea bargain and admits to violating campaign laws at the direction of a candidate (Trump). S&P futures will provided insight into how the market views this earth-shattering news. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.