Nothing has changed from my last update, the S&P 500 Index (SPX) continues on track to breakdown... This index will crash.
Last time we looked at past history and divergence to "predict" this upcoming drop. Today, we are going to be looking at the MACD.
Here is a screenshot:
The above signals only add up to our previous analysis. I believe that the S&P 500 Index (SPX) will crash.
Conditions for change: For this analysis to be invalidated, the SPX needs to continue moving up and break above its all time high.
What's your take on the S&P 500 Index?
Share your thoughts in the comments section below.
Remember to hit LIKE if you enjoyed this post.
Namaste.
Last time we looked at past history and divergence to "predict" this upcoming drop. Today, we are going to be looking at the MACD.
Here is a screenshot:
- First we have the histogram going in favor of the bears. You can see it changing from green to red.
- The next signal is the bearish crossover. See the MACD line crossing down the signal line. This is a bearish signal.
The above signals only add up to our previous analysis. I believe that the S&P 500 Index (SPX) will crash.
Conditions for change: For this analysis to be invalidated, the SPX needs to continue moving up and break above its all time high.
What's your take on the S&P 500 Index?
Share your thoughts in the comments section below.
Remember to hit LIKE if you enjoyed this post.
Namaste.
Note
Previous analysis: 
Note
EMA10 now being challenged.MACD histogram going in favor of the bears.
RSI is trending down now.
Note
Still bearish, triple top now in place.Note
Latest update: 
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
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t.me/masteranandatrades/5935
t.me/anandatrades/971
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.