I've been warning my dear followers and cryptocurrency lovers about the S&P 500 Index crash for a long time.
For conventional minds, it is really hard to grasp the fact that the SPX will crash massively and become ugly due to all the lies and hype spread through the conventional media news systems, but charts do not lie.
Reading charts is like looking at a foreign language, it might be hard to understand if you don't know it, but if you know it, it is basically the same as your own native language.
This chart here is speaking to me, to us, and it has lots to say.
First, it keeps on telling us the media is lying about the bullishness of the SPX, we see hype, hype, hype... Yet it can't break the last high.
Second, it gives us clues and shows us things that are not easy to understand if you are not advanced at reading charts; using my indicators, we can see bearish divergence growing stronger every day that goes on.
Finally, bearish volume growing up on a Friday while the EMA10 support broke right away...
Let me tell you honestly... This is my last warning.
The SPX 500 will crash, according to the chart above, no matter what anybody says.
Conditions for change? Move back up, spring up and keep going up all the way... But this isn't really happening since the SPX hasn't been able to break the 2895 resistance for the past 166+ days.
I am sharing this as a friendly reminder, warning, for your learning and entertainment as well... So feel free to hit like if you want to now, and let's focus on making money with our altcoins trades.
This is Alan Masters.
Namaste.
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Dow Jones (DJI) Hidden Bearish Divergence (Crash Ahead)
Have pretty much same interpration since that short played out from Nov.15h till end of december as index value fell from 2723---->2400 (2350) points.
Now, after slight pullback, lower high is expected right after 2734 and drop right after.
Have a nice day mate.
All the best.
Happy earnings.
kaotic363
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@milanjelic, Now that's a crash! SPX fair value is around 1500 so once poor economic #s start coming in along with Q2 revenue warnings, its gonna get really ugly, real quick...
Have pretty much same interpration since that short played out from Nov.15h till end of december as index value fell from 2723---->2400 (2350) points.
Now, after slight pullback, lower high is expected right after 2734 and drop right after.
Have a nice day mate.
All the best.
Happy earnings.