S&P 500 Index Bearish Indicators (MACD & RSI)

Three main indicators gone bearish for the S&P 500 Index (SPX) on the daily timeframe.

(1) SPX goes daily below EMA50 on a strong bearish candle with rising volume.

(2) MACD moves below zero entering the bearish zone.

(3) RSI goes below 50 going bearish.

These signals support my previous analysis a few days ago.

The peak happened in early January...
It has been dropping now for more than 3 months.

Namaste.