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RandomOracle
Jul 7, 2021 3:11 PM

SPX 2-Week Rising Wedge Alongside Bearish Divergence Short

S&P 500 IndexTVC

Description

TVC:SPX

Following on from my previous idea published, this is the SPX chart I referenced towards the end of it

*I wanted a separate place to publish the SPX chart so I could provide updates & further detail as time goes by
Now with SPX, it's in an ascending wedge with multiple bearish divergences on the 2-weekly chart (best visualization of that).
SPX 2-weekly bullish exhaustion is present with the bearish divergence inside the rising wedge pointing to a severe correction being possible for SPX

Keeping my eye on this one & will post updates when available.

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4hr pretty major bearish divergence on MacD

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12hr chart showing downside potential


DXY weekly double bottom

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Possible Bearish Continuation For Stocks

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Related charts are scattered throughout this idea:
Comments
StuartCampbell-Gillies
Spot on. Looks like a bloodbath is already here
RandomOracle
@StuartCampbell-Gillies, Thanks! looking like it's starting for now
ForexTrendline
Great analysis, thank you!
RandomOracle
georgio777
100%
RandomOracle
JennLunarSun
👍🏻👏🏻
Catat4f1sh
Dayumhhh that looks terrible
Nice charting mate, keep it up!
poister198
Big bear trap lol
RandomOracle
@poister198, where?
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