devicemxl

SPX overload

SP:SPX   S&P 500 Index
Again, i see the SPX             overload at rsi and cci , and see the formation of an ascending broadening wedge pattern. The problem is the next: if the hypotesis is right the AMEX:SPY             (or spx             ) can are entering into a mega bearish breakout.

Target 1: 1810

Comments, Suggestions, Corrections.
They are always welcome!
I think your correct but we shall see ..I dont understand how people remain bullish with a clear DOWNTREND in effect ..Long term crossovers happening everywhere ..Im only growing into a seasoned trader but if this doesnt break down it will make me reeavulate everything I thought Tech analysis was about.
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