SPX technical analysis tidbits 1) $SPX is finding support at the top of Keltner channel, for now; eventually it will traverse to the bottom of the channel 2) Last week's spike high over Keltner, shows notable negative divergence with RSI and Chaikin Money Flow (and other) technical indicators 3) Straight-up rally after the FED meeting was on declining volume; likely a lot of short covering, in addition to buy the dip and "bargain" hunting buys 4) Early April gap is a magnet
Published Aug 08, 2026Updated Aug 08, 20262 min read
SPX technical analysis tidbits 1) $SPX is finding support at the top of Keltner channel, for now; eventually it will traverse to the bottom of the channel 2) Last week's spike high over Keltner, shows notable negative divergence with RSI and Chaikin Money Flow (and other) technical indicators 3) Straight-up rally after the FED meeting was on declining volume; likely a lot of short covering, in addition to buy the dip and "bargain" hunting buys 4) Early April gap is a magnet
