Well, we're at the top of the pitchfork, showing a fair bit of bearish divergence, and the supertrend just flipped red. This could just be a blip, but it's certainly worth keeping eye on. RSI needs to reset before we make another strong run upward. I'm not yet ready to call the start of a bear market, but this isn't a great look. A lower high to go with this newest lower low will help confirm a bear trend.
Have fun, and good luck.
Have fun, and good luck.
Note
That's another view of the S&P that I like and trust. Things could get worse from here.
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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.