SPX - Consolidation or pullback ahead?
$S&P 500(.SPX)$ - Bullish Percent:
Right now the index is in a neutral zone experiencing a period of transition, it is curling down and in previous occurrences the SPX has moved accordingly (falling) as highlighted in the chart.
Since the chart presents the last 18 months, the red circles (pullbacks) may look mild, but the first circle in the chart is the beginning of a 10% correction in the SPX during Q3 2023, there are light green circles indicating horizontal consolidations, and the latest one which is yet to confirm what is it anticipating.
Consolidation or pullback ahead?
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$
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