Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: SPX 4 and more

In today’s briefing:

  • SPX 4,100 Top Build Ahead of 3,300

SPX 4,100 Top Build Ahead of 3,300

By Thomas Schroeder

  • SPX has another tactical leg up within our Q4 bull cycle toward 4,100-200 where a top is expected to form.
  • Lead warning signals are emerging in the RTY relative performance and well-defined rising wedge. NDX trading new key lows is a negative for growth.
  • SPX 4,100 wedge sell zone stands out for a final down leg to 3,300/200, that sets the stage for a macro low a new bull cycle.

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