SPX Daily Bearish Signals

12 Des 2022

The S&P 500 Index (SPX) is trading within a descending channel.
Lower highs and lower lows.

• The RSI has gone below 50.
  
• QStick also showing bearish signals.
  
• Multiple sessions closed below EMA10 and EMA21.
  
• Decreasing trading volume.
  
• Bad news incoming 13-14 Dec.
• Other major indices also turning bearish.

These signals point to lower prices.

Conditions for change

The SPX needs to break and close above 3970 daily to reconsider bullish potential.
A close above 4100 is needed to move ahead.

Any trading below 4100 and the bearish potential we are seeing now stays in play.

Namaste.