S&P 500 IndexShort
📈 S&P 500 Index Crash
Updated
There is a strong bearish bias in this chart.
Everything points down and we had a very strong negative candle 27-July when the latest peak was hit.
The weekly also looks pretty ugly.
Here is the chart:
We have a rising wedge and last session being fully red.
MA200 moving up means that the SPX will be moving down.
Conclusion
It should be a strong, fast crash.
Maybe it will last for months, 2-3 months?
Your guess is as good as mine.
Remember to boost and like.
Thanks a lot for your support.
Namaste.
- The MACD is showing a strong downward bent with a negative histogram.
- The RSI is performing what tourists call "scuba-diving", it is crashing down, below 50 with bearish momentum growing.
Everything points down and we had a very strong negative candle 27-July when the latest peak was hit.
The weekly also looks pretty ugly.
Here is the chart:
We have a rising wedge and last session being fully red.
MA200 moving up means that the SPX will be moving down.
Conclusion
It should be a strong, fast crash.
Maybe it will last for months, 2-3 months?
Your guess is as good as mine.
Remember to boost and like.
Thanks a lot for your support.
Namaste.
Note
Definitely crashing but taking Crypto down with it... Prepare to be surprised, Bitcoin will soon completely detach from the (SPX) stock market.
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🔝 Daily Cryptocurrency Technical Analysis
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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