SPX500 : At Life Highs -- Reversal Ahead !!
--- SPX500 is trading near its life high ---
--Even though no short signal is in sight but there has been no push on upside after breakout of previous highs.
-- SPX is trading in Wave 5 of Wave 5 -- so there is no point going long here instead sell on rise markets.
-- The sync between DAX, Nifty & SPX500 has been broken now. Both DAX & recently Nifty have corrected form highs and SPX500 is near it's top.
-- Any weekly close below 2890 would be bearish ( Looking for Friday's Close ) --
--Even though no short signal is in sight but there has been no push on upside after breakout of previous highs.
-- SPX is trading in Wave 5 of Wave 5 -- so there is no point going long here instead sell on rise markets.
-- The sync between DAX, Nifty & SPX500 has been broken now. Both DAX & recently Nifty have corrected form highs and SPX500 is near it's top.
-- Any weekly close below 2890 would be bearish ( Looking for Friday's Close ) --
Trade active
SPX500 is breaking down -- Go short Trade active
Trade active
Looking for a bounce wave C on upside !! Trade active
SPX500 is at make or break level ! Same with Crude Oil -- too much negative and overly sold -- crude will bounce back and with it spx500 will also bounce back !!
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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.