VJJ97

VJJ97

5-day EMA has crossed 20-day EMA and confirmed another potential big selloff. Last time these EMAs crossed was back in Feb just before the crash. 5- & 20-day EMAs are good trend analysing tools because in trending markets the price action wants to stay above or bellow the moving averages. RSI has dipped below 50-level. Fundamentals also support more bearish...

VJJ97

TVC:SPX has formed a big Rising Wedge which is a potential bearish reversal signal. There was an Abandoned Island Top gapping high above Rising Wedge trendline, strong bearish reversal signal. Most likely one last try to squeeze out shorts. However, shortly after followed big selloff and gapping bellow the Rising Wedge, falling below 5 & 20-day EMAs and...