SPX: More Red Days Ahead Short

S&P 500SP

Description

⋅ Jun 13, 2022 11:07 PM

The global markets are getting nuked. DXY just broke 105 resistance, FED rate hikes are seeing no end in sight, and the SPX is approaching the 200W MA. I think we can easily see at least another 5% - 7% drop before any significant move up.

Weekly RSI is very oversold.

Trend Analysis SPX (S&P 500 Index)