SPX Technical Analysis § The August peak was accompanied by notable divergences in the McClellan Summation Index ($NYSI) and RSI. § $NYSI, the swing trend indicator, is still pointing downward. § SPX gapped below the middle Keltner again and the June high technical support, which is short-term bearish; It closed the August gap. § The next targets are the lower Keltner line and the 50-day moving average. § It formed a doji on today, but since it is in a downtrend, it can be considered a pause before continuation down. $SPX $SPY #stocks $ES
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