SPX - the death cross is confirm
$S&P 500(.SPX)$ - Indecision Candle at the 20DMA, the Stochastic is curling down, and the death cross is confirmed.
A hiccup is possible for tomorrow considering previous attempts to cross the blue line. But as long as price stays above $5,226 the bounce is still in progress.
The loss of the 40 weekly average has proven to be a major signal anticipating a major correction.
Since the signal has been more than confirmed, now it's worth watching the Average True Range, which has reached extreme overbought levels compared to bear market bottoms in 2008, 2018, and 2020.
For 2022 it preceded a bear market rally starting in June of that year.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$
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