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SP500 Price Bias Is Still Bearish
The SP500, Daily price forecast in our September 18, 2020 technical analysis was bearish.
- Market data after SP500, Daily September 18, 2020 technical analysis still indicate bearish bias.
- SP500, Daily has closed 1.1% lower on September 18, 2020.
- The US current account deficit jumped to $171 billion in Q2 from $111.5 in Q1.
Here is what indicators show as of September 21, 2020:
- The Parabolic Indicator gives a bearish signal.
- The Donchian Channel gives a neutral signal.
- The MACD indicator gives a bearish signal.
- The RSI oscillator gives a neutral signal.
- The Fractals give a bearish signal.
- The MA(50) Indicator gives a bearish signal.
So the bearish forecast still stands for the SP500, Daily.
Order | SELL |
Sell stop | Below 3291.76 |
Stop loss | Above 3447.19 |
US Bureau of Economic Analysis September 18, 2020 report
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