S&P500: 1W MACD Bearish Cross threatens to push for 6,800US 500 IndexPEPPERSTONE:US500InvestingScopeS&P500 is heavily bearish on its 1D technical outlook (RSI = 36.107, MACD = -27.300, ADX = 21.921) and just turned neutral on 1W (RSI = 52.724), following a negative mix of Fed rate (future) outlook and disappointing earnings. Apart from those, the strongest Sell Signal that could possibly emerge, did so: a Bearish Cross on the 1W MACD. Every time this happened while the 1W RSI was printing a similar pattern, S&P500 had a sharp dicline under its 1W MA50. Based on the three previous events, we expect the current decline to reach at least the middle of the 1W MA50 and MA100 (TP = 6,800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##