Similar to the the Nasdaq, nn a technical basis, it seems like the S&P500 may bee running into a little bit of a headwind as well. As can be seen in the weekly chart, it appears a "Shooting Star" pattern has formed, coupled with negative divergence in the Smart Money Index. Furthermore, if one looks at the S&P's monthly chart, one can see that an "Evening Star Doji" as forming as well.
We believe that it for those who are in the S&P500, it would serve them best to take some money off the table at the moment.
We believe that it for those who are in the S&P500, it would serve them best to take some money off the table at the moment.
