S&P 500 not looking to healthy
Rsi created a M top
Histogram, bearish divergence
OBV "M"ing out
Volume has dropped of significantly while price makes higher highs
Looking at a possible H&S
Volume profile has a nice notch around long term reload zone
The should be no reason to long the S&P500 unless you want to play the right shoulder on a smaller time frame.
Imo, I think after the right shoulder is finished that's when I think the start of the global financial crisis will happen.
I'm also looking for signs in the Yield cure, so far its still normal but once it turns to "inverse" we have about 6 months till the GFC hits, Id be preparing now.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
Rsi created a M top
Histogram, bearish divergence
OBV "M"ing out
Volume has dropped of significantly while price makes higher highs
Looking at a possible H&S
Volume profile has a nice notch around long term reload zone
The should be no reason to long the S&P500 unless you want to play the right shoulder on a smaller time frame.
Imo, I think after the right shoulder is finished that's when I think the start of the global financial crisis will happen.
I'm also looking for signs in the Yield cure, so far its still normal but once it turns to "inverse" we have about 6 months till the GFC hits, Id be preparing now.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)