For the first time since late 2021 Monthly SPX - Stochastic has a bearish line cross in the overbought zone. This could be signaling the start of a multi - week decline.
Watch the rising trendline connecting the October 2022 and March 2023 bottoms.
A move below this line could confirm a large down wave.
Watch the rising trendline connecting the October 2022 and March 2023 bottoms.
A move below this line could confirm a large down wave.
