S&P 500 Upward Trend Line Crossed Down Yesterday. Downward Trend has been Established. August 16, 2023 9:06 pm by CWR Sharing is Caring!by uslvdslv See also The U.S. dollar shows bullish momentum with a breakout trend.See also If this trend continues, it will turn out that August and October saw JOB LOSSES. Hiring fell sharply before summer and never came back, all of that leading up to the holidays. ADP October payrolls revised down.