alanmasters
Short

S&P 500 Index (SPX) Crash Getting Closer

SPCFD:SPX   S&P 500 Index
Nothing has changed from my last update, the S&P 500 Index (SPX) continues on track to breakdown... This index will crash.

Last time we looked at past history and divergence to "predict" this upcoming drop . Today, we are going to be looking at the MACD .

Here is a screenshot:
  • First we have the histogram going in favor of the bears. You can see it changing from green to red.
  • The next signal is the bearish crossover. See the MACD line crossing down the signal line. This is a bearish signal.

The above signals only add up to our previous analysis. I believe that the S&P 500 Index (SPX) will crash.

Conditions for change: For this analysis to be invalidated, the SPX needs to continue moving up and break above its all time high.

What's your take on the S&P 500 Index?

Share your thoughts in the comments section below.

Remember to hit LIKE if you enjoyed this post.

Namaste.
Mar 01
Comment: Previous analysis:
Mar 05
Comment: EMA10 now being challenged.

MACD histogram going in favor of the bears.

RSI is trending down now.

Mar 14
Comment: Still bearish, triple top now in place.
Mar 15
Comment: Latest update:
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F.A did not confirm your T.A, Let see next week!
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Triple top and divergence developing in major indices- Dow 30 and also transports lagging. Russell bearish. FAANGs carry the market higher with no breadth. Exhaustion gap IMO.
+1 Reply
alanmasters DaddySawbucks
@DaddySawbucks, Agreed.

Just mentioned the triple top here:
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DaddySawbucks alanmasters
@alanmasters, Shaping up like a double-double top. Futures up but volume in them is half normal- fewer buyers in the nosebleed zone:
+1 Reply
alanmasters DaddySawbucks
@DaddySawbucks, Yup, that is how it is all looking.
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From 26 December 2018, everyone is saying it will crash today, tomorrow, bla, bla, bla...obviously nothing has happened.
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@gvoommen, I will post a new update soon. More weakness is showing up, we are looking at a triple top now.

It hasn't crashed but it isn't moving up either.

Give it time and you will see.

Thanks for the comment.
Reply
gvoommen alanmasters
@alanmasters, I look forward for the new update. Thanks.

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@gvoommen, Here:
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