S&P500: Channel Down topped. Strong Sell Signal.US 500 IndexPEPPERSTONE:US500InvestingScopeS&P500 marginally turned bullish again on its 1D technical outlook (RSI = 57.556, MACD = 25.700, ADX = 17.262) as it completed a 2-day rally on a bond relief, with that rally hitting the top of its 3 week Channel Down. This is technically the most optimal Sell Signal of the pattern. The previous bearish wave hit the 4H MA200 before rebounding, this one can technically aim for the 1D MA50 (TP = 7,600) currently on the -0.136 Fibonacci extension, where the previous LL was priced. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##