Monday, June 14, 2021

SPX S&P 500 Weekly Chart; Overbot Rising Wedge; Negative Divergence



Nothing good to see in this chart. The SPX weekly chart is overbot (stochastics, RSI, money flow). It displays an ominous rising wedge and the chart indicators are in full neggie d. The money flow is one tick behind so it is a safe bet that the tiny red dot shown is somewhere off the peak and in negative divergence for this near-term 2-week period. 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.

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