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.
