SPX Filling Gaps as Bearish Momentum Builds
$S&P 500(.SPX)$ - 1st Gap Filled, 2nd One in Progress:
It never fails, the upper Bollinger band breached last week had implications, for now the 20DMA is being reached, and given the bearish MACD crossover, continuation is likely but not in a straight line down since breadth is oversold.
A financial chart displaying S&P 500 daily candlestick data from June to November, with green and red bars indicating price movements overlaid by a moving average line, and Bollinger Bands in blue showing upper and lower boundaries breached last week, a yellow arrow pointing to the upper band and red arrow to a recent high below it, a green shaded area marking oversold breadth and a separate MACD panel below with histogram bars in green and red lines crossing bearishly
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