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riskit101

SPX local Top?

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S&P 500 Index (CBOE_DLY:SPX)  
riskit101  
CBOE_DLY:SPX   S&P 500 Index
Technical Indicators Trend Analysis Beyond Technical Analysis Fibonacci Retracement bullmarketsupportband
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indicator trendanalysis beyondta fibonacciretracement bullmarketsupportband
With the MACD positive momentum waning, and the Stoch RSI crossing back under the Bullish control Zone i would look to the .236 fib retracement ( 4994) for the first target. The Bull Market Support Band will be closing in to the level in the future , may act as a magnet.
This idea is on a weekly time frame so it could take months to play out.
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