4/27/2022 Wednesday

$SPX, monthly Monthly candle is set to close this Friday. Currently bearish if we close below $4,387.4. A close below this level followed by decreasing MACD can lead to test of $3,797 in the upcoming months

$SPX, the weekly candle is set to close this Friday as well. We are trading near March’s low price of $4,161 and April’s low price of $4,118.

If pull below either of those two numbers, this will provide confidence that the Index will fall lower heading to May.