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BraVoCycles
Editor of Market Twists & Turns — delivering unmatched stock, crypto, commodities, and forex analysis using a unique blend of Cycles, Cycle Price Projections, Elliott Wave Theory, plus technical & sentiment tools. With 30 years in financial markets, I help you anticipate turns, ride waves, and stay ahead of the crowd. Subscribe for real-time analysis and insights. Not a financial advisor.
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Joined on 25th February 2026
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SPX Technical Analysis 101
1. The August peak was accompanied by notable divergences in the McClellan Summation Index ($NYSI) and RSI.
2. SPX reversed from outside the Keltner Channel and bounced off the middle Keltner line and June's high technical support.
3. The bounce was likely completed on Friday, with RSI curling down from the 60 range, which is typical for bounces.
4. SPX should retest the support mentioned in point 2 above.
5. If it breaks support, the next targets are the lower Keltner line and the 50-day moving average.
6. $NYSI, the swing trend indicator, is pointing downward.
