$SPX - Back to the Higher Bollinger Band
$S&P 500(.SPX)$ - Back to the Higher Bollinger Band
Price is overbought relative to the oscillator, but we have seen rides with price action between the 5 DMA and the higher band as highlighted.
The candle shows indecision and sits at $5705, a S/R level anticipated as target for a bullish reaction.
Yesterday's shooting star is theoretically invalidated, since the recent close is above yesterday's high, but again, the candle shows indecision.
Raising stops, but not reversal is confirmed yet.
Image
https://x.com/SmartReversals/status/1836874198813397088
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