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S&P500, US05Y and US02YLast couple of times we have had this tight spread between US05Y and US02Y a mayor decline in the S&P followed Before the declines, we saw some increase in volatility. The same kind of volatility happened last year. Could we see a mayor decline, or a correction this year, or will the S&P just keep moving up? Global growth forecast have been slashed across the border, while US till expects to hike rate, the US economy is also showing signs of slowing. ECB is also expected to raise rates in Q4 2019. EU have also adjusted its growth forecast. Time to buy gold and sell S&P. Watching is closely as if the price for S&P keeps moving up im closing my position, or i will be looking for a hedge position. If you look closely you can find a hidden divergence in RSI and S&P on the daily chart.
SP:SPXShort
by Fx-AlphaStrats