SPX update for 9 October 2019

Daily Data Summary Suggests:

Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
The market is transitioning toward a Bearish sentiment.
The anticipated upcoming trade range is between 2899.14 - 2934.25
Price Consolidation has formed between: 2855.9 - 2959.8
If SPX is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 2896.78

The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish



** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **