SPX is in Downtrend!

SPCFD:SPX   S&P 500 Index
Unless a big reversal for the bull, the trend of the market is down!
So, more downside is coming!
Mar 12
Comment: We see a big reversal for the bull unfortunately on Monday when it hits the red line, but future SP500USD did show the weakness today. I think this is another time that we are breaking it down. We go with the trend since it shows weakness, then we short. I think the second time we hit the red line, we will break it down. Only we see the strong reversal, we should exit or hold (if it is not an option, we should hold). Even strong reversal like Monday cannot stop the bigger downside (it move back to green line and coming back down).
Thats right. The trend is our friend
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out