SPX - Technical Analysis 101 1. The McClellan Summation Index ($NYSI), a key trend indicator, is pointing down. 2. Negative divergence is seen in RSI, MACD, and $NYSI . 3. The MACD histogram has turned negative. 4. There's temporary support at the middle Keltner band. 5. Breaking below the August gap and June high (brown line); next support is at the lower Keltner band and 50-day MA.
Published Aug 23, 2026Updated Aug 23, 20262 min read
SPX - Technical Analysis 101 1. The McClellan Summation Index ($NYSI), a key trend indicator, is pointing down. 2. Negative divergence is seen in RSI, MACD, and $NYSI . 3. The MACD histogram has turned negative. 4. There's temporary support at the middle Keltner band. 5. Breaking below the August gap and June high (brown line); next support is at the lower Keltner band and 50-day MA.
