S&P 500 HAS BEEN DOUBLED SINCE PANDAMIC LOW IN MARCH 2020 AND INDEX IS STILL ABOVE ITS SHORT TERM MOVING AVEARGE MA 50 , LONGER TERM MOVING AVEARGE MA 200 . BUT I DO THINKT THIS STEADY UPWARD MOVE IS UNHEALTHY
BEACUSE IT DOES NOT HAVE MOMETUM BEHIND IT , LOOK AT THE BEARISH NORMAL DIVERGENCE ON RSI , WHICH ONLY NEEDS A BREAK BELOW THE MA 50 AT 4400 TO BE CONFIRMED
NOTE, BEARISH OR BULLISH DIVERGENCE SHOULD BE CONFIRMED BY PRICE ACTION THROUGH BREAKS OUT SHORT TERM TRENDLINES OR SHORT TERM MOVING AVEARGES , COMPLETION OF PATTERNS AND SO ON
