From TradingView · · 30s
S&P500 Rebound Sustainability Check
S&P500's 1D MA200 rebound may not hold as technical indicators suggest bearish continuation.
In brief
S&P500's 1D MA200 rebound may not hold as technical indicators suggest bearish continuation. S&P500's recent rebound above its 1D MA200 is likely unsustainable per technical analysis targeting 7,100. Originally reported by TradingView.
S&P500 Technical Outlook
S&P500 turned neutral on its 1D technical outlook with RSI 45.585, MACD -73.854, ADX 19.526.
Rebound Sustainability
Rebound after flash last Thursday may not hold as long as it stays under 1D MA50.
Target Price
Technical analysis aims for 7,100 as prior idea worked out.
Here's the gist
S&P500's recent rebound above its 1D MA200 is likely unsustainable per technical analysis targeting 7,100.
