Spx stock price momentum indicators suggest the SPX

Momentum indicators suggest the SPX stock price could see a short-term pullback toward 4,980 before resuming its upward trend, a common retracement behavior. Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy . Exxon Mobil is cutting 2,000 positions worldwide as part of an ongoing restructuring plan, a company spokesperson confirmed to CNBC. Technical charts show SPX stock price forming an ascending triangle pattern, often considered a bullish continuation signal among market technicians.