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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.
SPX Technical Analysis
· We noticed some indications that the market breadth might improve.
· The number of stocks below the 50D and 200D MAs reversed the downtrend, which may indicate broader stock participation in the S&P 500, a net positive.
· SPX tagged the upper Keltner channel and formed an inverse hammer -> a pullback to the middle Keltner or more could be expected.