Description
⋅ The S&P 500 Index (SPX) just printed a candle that signals a stop...
It is early to call it a top if we go by candlestick reading but this market is now undecisive.
If we have a weekly close below EMA10 we are very likely to see a huge drop of up to 8%.
(-8% for the SPX)
We already have strong bearish signals developing on the daily timeframe...
The bears are now entering the stage...
The SPX is peaking.
Namaste.