A strong probability of reversal on US Equity Indices
Updated
Peace
From 3 important US equity indices NDQ/ SPX/ DJI. we are at an important confluence point where two long-term trends are indicating a strong probable reversal.
The actual trend came with no solid economic sustained growth (the Majority of Economies just started to return to the pre-pandemic economic numbers) and the FED will start to tighten soon maybe aggressively.
The Helicopter Money, a great part of it went to Cryptos and equities markets. now everyone is aware that actual levels on stocks are a bubble (Apple close to 3000 market cap in just 2 years from 1000 while real business numbers don't explain even a small part of this appreciation)
While examining the 3 charts it's clear that a solid resistance confirmed by the channel upper level on the pitchfork + clear candles signaling weakness + a price action that shows the unsustainability of price.
From 3 important US equity indices NDQ/ SPX/ DJI. we are at an important confluence point where two long-term trends are indicating a strong probable reversal.
The actual trend came with no solid economic sustained growth (the Majority of Economies just started to return to the pre-pandemic economic numbers) and the FED will start to tighten soon maybe aggressively.
The Helicopter Money, a great part of it went to Cryptos and equities markets. now everyone is aware that actual levels on stocks are a bubble (Apple close to 3000 market cap in just 2 years from 1000 while real business numbers don't explain even a small part of this appreciation)
While examining the 3 charts it's clear that a solid resistance confirmed by the channel upper level on the pitchfork + clear candles signaling weakness + a price action that shows the unsustainability of price.
Note
The RSI on NDQ confirm a reversal in trend Note
The RUT indicates the same thing with flat price action movement and candles confirming indecisiveness. RSI gives the first signal of reversal.
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