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Eminence-Grise
May 28, 2020 3:37 PM

S&P RSI Bear Divergence 

S&P 500 IndexTVC

Description

The current situation on S&P500 graph reminds the Dot-Com Bubble
RSI maximums going down, while the price maximums going up.
Taking into account the current situation with coronacrisis, mass defaults in the US in the next few months, relatively high unemployment in the next few years, growing savings among households, and low CAPEX among companies, the rise of S&P seems like a big bubble.
Comments
jpreal1
Agreed. June is the month imo.
DaddySawbucks
Yes a bubble of hope and greed, volume is dwindling as price rises; see my related post on Bear Nenstar; ty for post! I'm short SPY, GL!
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