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goodguy
Feb 4, 2019 8:38 PM

S&P 500: looking Like the bear is waiting at the door. 

S&P 500SP

Description

Like the last 2 major tops we now have:
1. Long term up trend line broken.
2. Most recent monthly low taken out.
3. Bearish divergence in Monthly RSI.
Also in the current bull run (labeled 1-5) wave 5 = 1.62 X 1. Wave 1 and 5 often have a fib relationship. So when current up correction is over would not be surprised to see start of Bear market.

Take care. Feedback always appreciated.
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