SPX: Showing textbook signs for a healthy pullback
$S&P 500(.SPX)$ : Showing textbook signs for a healthy pullback, with the RSI above 70 and the price trading at its Upper Bollinger Band.
However, recent price action highlighted suggests that consolidation has followed these conditions, a behavior seen in rare, highly bullish markets. This phenomenon, along with other similar historical patterns, was studied in the premium content last Wednesday.
The sell signal for this week was close below $6,555, which subscribers received last Friday. The levels for next week will be posted on the site this afternoon.
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