Reeeepoman

SPX weekly top formation.

SPCFD:SPX   S&P 500 Index
Houston we have a wall in front of US.

Why?

1) Top building
2) Repo cuts today from FED
3) Sell in May is near
4) Overbought on monthly, weekly, dayl. chart
5) Corona economy impact
6) Volume is down for days, watch VIX
7) $ is gaining up

This could be a good turnaround into long term sells.

Feb 14
Trade active: Here the summary of the last 11 years, simple

Comments

Only amateur retail traders will try to short this market....no point trying to pick up the top as buying the dip should be the only viable strategy. The market is fraudulent and can remain so much longer than anyone can afford it. Buying gold might be much better option than shorting this fraudster.
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Reeeepoman Matrik888
@Matrik888, This is clear a top building. If you sell or buy on this, is your own des....
If no-one can afford this market, this market will no longer exit :D
Gold is high, dollar is high, stocks are high... :D As long there a buyers all will gain ;D
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the lower chart is not fair , use Log to see the clear picture . I know is parabolic , but linear chart are useless ( and dramatic )
Reply
Reeeepoman marlenededuran
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