SPX McClellan Oscillator: Divergence Brewing?

$S&P 500(.SPX)$ McClellan Oscillator: Divergence Brewing?

This is a technical analysis tool used to gauge market breadth, which refers to the participation of stocks in a market move. It helps assess whether a price move in an index like the S&P 500 is divergent from the underlying health of the broader market.

Bullish Divergence: This occurs when the price of an index makes a new low but the McClellan Oscillator makes a higher low (compared to a previous low). This suggests that the decline in the index might be losing momentum, even though prices are falling. It can be a sign of potential future buying pressure and a possible price reversal.

See the bullish divergence from Q3 2023, IF something similar is in progress (green dashed line), there is more pain ahead for SP500, but remember the support levels published recently, between $4850 to $4900.

Image

https://twitter.com/SmartReversals/status/1785461286870093991

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JONESTea
05-07
JONESTea
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","html":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> McClellan Oscillator: Divergence Brewing?This is a technical analysis tool used to gauge market breadth, which refers to the participation of stocks in a market move. It helps assess whether a price move in an index like the S&amp;P 500 is divergent from the underlying health of the broader market.Bullish Divergence: This occurs when the price of an index makes a new low but the McClellan Oscillator makes a higher low (compared to a previous low). This suggests that the decline in the index might be losing momentum, even though prices are falling. It can be a sign of potential future buying pressure and a possible price reversal.See the bullish divergence from Q3 2023, IF something similar is in progress (green dashed line), there is more pain ahead for SP500, but remember the support levels published recently, between $4850 to $4900.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/941131b632b29b6569e87e5fd832b09c\" tg-width=\"900\" tg-height=\"465\">Imagehttps://twitter.com/SmartReversals/status/1785461286870093991</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> McClellan Oscillator: Divergence Brewing?This is a technical analysis tool used to gauge market breadth, which refers to the participation of stocks in a market move. It helps assess whether a price move in an index like the S&amp;P 500 is divergent from the underlying health of the broader market.Bullish Divergence: This occurs when the price of an index makes a new low but the McClellan Oscillator makes a higher low (compared to a previous low). This suggests that the decline in the index might be losing momentum, even though prices are falling. It can be a sign of potential future buying pressure and a possible price reversal.See the bullish divergence from Q3 2023, IF something similar is in progress (green dashed line), there is more pain ahead for SP500, but remember the support levels published recently, between $4850 to $4900.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/941131b632b29b6569e87e5fd832b09c\" tg-width=\"900\" tg-height=\"465\">Imagehttps://twitter.com/SmartReversals/status/1785461286870093991</body></html>","text":"$S&P 500(.SPX)$ McClellan Oscillator: Divergence Brewing? This is a technical analysis tool used to gauge market breadth, which refers to the participation of stocks in a market move. It helps assess whether a price move in an index like the S&P 500 is divergent from the underlying health of the broader market. Bullish Divergence: This occurs when the price of an index makes a new low but the McClellan Oscillator makes a higher low (compared to a previous low). This suggests that the decline in the index might be losing momentum, even though prices are falling. It can be a sign of potential future buying pressure and a possible price reversal. See the bullish divergence from Q3 2023, IF something similar is in progress (green dashed line), there is more pain ahead for SP500, but remember the support levels published recently, between $4850 to $4900. 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