SPX at Crossroads:
Bullish Weekly vs. Bearish Daily Signals (Key Support in Focus) The SPX daily chart presents a recurring pattern: price crosses the upper Bollinger Band, then declines to test the 20-day moving average (20DMA). This pattern seems to have completed again.
Mixed Signals:
Bearish Crossover: The recent crossover of the Stochastic suggests caution.
Potential Bounce: However, the latest candle's shape and bounce level hint at a possible bullish reversal
If 20DMA is lost, 5,119 is the next support line to watch.
Weekly Halo: The weekly price action came bullish for this week, with a bullish crossover in ROC that has to be validated as mentioned on Saturday.
