$SPY Monthly 9/21 Death Cross - WARNINGThe only other time the 9EMA crossed under the 21EMA on the monthly was the 2000 Dot Com & 2008 Great Financial Crisis. (Noted with the blue + symbols & down arrows). Each time, the RSI was near 50. Each time, the ADX indicator has been lower than the preceding level (in the 20s, WEAK - NO TREND. The massive drop in monthly volume should be noted. When the next BIG DIRECTIONAL MOVE comes, it'll be accompanied by VOLUME & a rise in the ADX (to STRONG TREND). If this 3rd time ever 9/21 DEATH CROSS is like the other two, a MASSIVE WATERFALL SELLOFF could occur. If such an event occurs, FEAR WILL SPREAD causing a MASSIVE VOLATILITY SURGE. I'm HEDGED for crisis with $UVIX $UVXY. My suspicions point toward a DEBT BUBBLE IMPLOSION. Protect your #kingdollar. GL.
G-money
$SPY Monday Day Trade IdeasOn the left I have a 15m chart and right, 4h chart. Being as though Mondays have usually been rough for the markets and we have Consumer Inflation Expectations for December being announced at 11 AM EST, I'm thinking the markets opening green could be a setup to force some downside momentum. I believe if we can hold under this $389 area that we can retest around $386.50. If we base out around $389, the next leg up is to $391.50.
Also, on the 4h chart the 50 and 200 SMA are both acting as resistance on Friday's closing candle. Because there are two moving averages in the spot, it's something I can't ignore from a bearish perspective. Otherwise, there seems to be a potential gap fill setup back towards the $399-$400 area.