SPX - Bear Market Cancelled? or Bear Market Rally?
$S&P 500(.SPX)$ - Bear Market Cancelled? or Bear Market Rally?
The price was extremely oversold, it had to return to the Bollinger range sooner or later, and the RSI was at 21!.
One element to watch: The potential bearish crossover between 50 and 200DMA. Last times they crossed:
March 14th 2022
March 27th 2020
December 6th 2018
Finally the bear market rally.
$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Cboe Volatility Index(VIX)$ $iShares Russell 2000 ETF(IWM)$
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