Comment :
1) SPX has fallen since it false breakout (FBO) in mid-Aug. SPX, the first to have Bull signal among US major indices, finally shows up Bull signal on last Friday (14-Oct), indicating a short-term rebound. Short-term supporting price is lowest of 14-Oct that is 3579.68, this point must not be broke else the rebound will be ended.
2) TrendX+ indicator - candleestick moving below red trendline, mid-term downtrend underway.
3) DDX+ indicator - Bull signal shows up, looking forward a short-term long position.
4) MCDX+ indicator - weak, a little of banker bar (red), while retailer bar (turquoise) has occupy more than 50%.
Support & Resistance :
S : 3579.68 +/-
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.