We have some strong signals coming out of the S&P 500 Index (SPX) chart.
First, we have a , marked with orange dotted lines which tend to close (this pattern can lead to a drop).
A peak was hit in May, we now have a higher high but divergence is strong.
Bearish Divergence with the and RSI
We have a very strong divergence with the and .
We can easily notice the SPX closing higher while the mentioned indicators are closing lower.
When this drop develops, we are likely to see EMA100 tested since EMA50 has already been tested before.
This drop can take the SPX to 4030 or lower.
It can take 1-3 months to see this drop develop.
It is quite hard to guess the exact date but the signals are there... It is now only a matter of time.
Thanks a lot for reading.
Another wave of lockdowns??? Ouch!
See US500: https://www.dailyfx.com/sentiment
your welcome dude
i stand against you in market
drop is coming and you signaled the worst direction at worst price
volume is awful, some alt signals for higher than 60 percent drop
i detected valid rejection in btcusdt
for some bothering reason i pray for delay in drop progress at btcusdt but it is falling dude
Read some books.
Just detach, meditate and you will get the bigger picture.
I hope that helps.