The bullish breakout in the S+P 500 on a potential US debt agreement
rising above the Feb.2,2023 High of 4195.44,
has turned bearishly "false", and price is now dropping sharply
from the 4231 High at the Open on Tuesday May 30.
This reversal of fortune has not surprised bearish traders
who had compiled a list of bearish technical divergences on the rally from SPX 4193 on May 24.
Included here is a look at the 15 Minute KST Indicator, on the S+P 500.
Note the collapse in this indicator supporting the bearish breakdown in price which appears to have just begun,
so further price breakdown in the S+P 500,... could be substantial.
Caution Advised !
SPX Noon Open 4171.23
THE_UNWIND
WOODS OF CONNECTICUT
rising above the Feb.2,2023 High of 4195.44,
has turned bearishly "false", and price is now dropping sharply
from the 4231 High at the Open on Tuesday May 30.
This reversal of fortune has not surprised bearish traders
who had compiled a list of bearish technical divergences on the rally from SPX 4193 on May 24.
Included here is a look at the 15 Minute KST Indicator, on the S+P 500.
Note the collapse in this indicator supporting the bearish breakdown in price which appears to have just begun,
so further price breakdown in the S+P 500,... could be substantial.
Caution Advised !
SPX Noon Open 4171.23
THE_UNWIND
WOODS OF CONNECTICUT