{"id":12656,"date":"2022-10-18T06:43:23","date_gmt":"2022-10-18T06:43:23","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12656"},"modified":"2023-05-16T06:45:50","modified_gmt":"2023-05-16T06:45:50","slug":"sp500-bullish-divergence-on-rsi-targets-4000-short-term","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/10\/18\/sp500-bullish-divergence-on-rsi-targets-4000-short-term\/","title":{"rendered":"S&#038;P500 Bullish Divergence on RSI targets 4000 short-term"},"content":{"rendered":"<p>The S&amp;P500 index (SPX) has been trading within a Bearish Megaphone pattern through this Bear Cycle of 2022. Since August 31, despite having the candle action on Lower Lows, the RSI on the 4H time-frame has been on Higher Lows, i.e. flashing a Bullish Divergence. The only other time that this took place within this Bear Cycle was early on from January 21 to February 24.<\/p>\n<p>As you see on this chart, during that early 2022 sequence, when the RSI broke above its Lower Highs, the price also broke above its 4H MA50 (blue trend-line) and targeted the top of the Bearish Megaphone within the 0.618 and 0.786 Fibonacci retracement level. The 0.618 Fib is currently just over the 4000 level.<\/p>\n<p>Also note that yesterday the 4H MA100 (green trend-line) crossed below the 4H MA200 (orange trend-line) forming a Bearish Cross. The last time we had that formation was on February 24, exactly on the (short-term) bottom at that time.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/SPX\/6XqiWDTd-S-P500-Bullish-Divergence-on-RSI-targets-4000-short-term\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/SPX\/6XqiWDTd-S-P500-Bullish-Divergence-on-RSI-targets-4000-short-term<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P500 index (SPX) has been trading within a Bearish Megaphone pattern through this Bear Cycle of 2022. Since August 31, despite having the candle action on Lower Lows, the RSI on the 4H time-frame has been on Higher Lows, i.e. flashing a Bullish Divergence. The only other time that this took place within this<\/p>\n","protected":false},"author":611,"featured_media":12657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-12656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12656"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12656\/revisions"}],"predecessor-version":[{"id":12660,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12656\/revisions\/12660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12657"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}