SPX Technical Analysis § The August peak was accompanied by notable divergences in the McClellan Summation Index ($NYSI) and RSI. § $NYSI, the swing trend indicator, is still pointing downward. § SPX gapped below the middle Keltner again and the June high technical support, which is short-term bearish; It closed the August gap. § The next targets are the lower Keltner line and the 50-day moving average. § It formed a doji on today, but since it is in a downtrend, it can be considered a pause before continuation down.
Published Sep 02, 2026Updated Sep 02, 20262 min read
SPX Technical Analysis § The August peak was accompanied by notable divergences in the McClellan Summation Index ($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.
