SPX Montly LOG: Bullish of Bearish??
For the bulls: 1. Very long term trend UP. 2 Intermediate term trend UP. 3. Short term trend UP . 4. RSI monthly trend going up.
Hope for the last few bears left in this world: 1. Price is at the mid channel line on both the very long term channel and the intermediate term channel. 2. Price is at the 1.618 level of the expanding triangle. 3. There is a strong bearish divergence in the monthly RSI. 4. The world appears to be going into total chaos. 5. It would make Tim, Tom, and Leonardo Fibonacci happy.
Have a great trading week.