S&P500 Trend Analysis For April 05

SPX plunged more than 100 points from top and closed more than 1.2% down.

First time RSI fell bellow 50 after Nov 2023, its big bearish sign for month of April!l

- Weekly Trend is Still up

- Daily candle closed well below 20 EMA and trend reversed

- Hourly Trend is down

- Weekly swing high is at 5226 and daily resistance is 5180

- Weekly swing low is around 5104 and daily support at 5134.