markrivest
Short

Stock Market Decline Continues

TVC:SPX   S&P 500
60 0 3
There was a chance today, 11/2/16 for the SPX             and other main US stock indices to rally in to the FOMC announcement.
Early in the day there was a failed attempt at a move above the late day bounce made on 11/1/16. After the FOMC the SPX             made a new decline low and register significant bullish divergences on the 30 min RSI and MACD . Strong resistance is now at 2117.60. If the SPX             can rally on 11/3/16 be alert for a possible top anywhere between SPX             2113.10 and 2117.60.

Also watch the NDX vs. the SPX             . Intraday the NDX has been underperforming the SPX             . If intraday the NDX fails to confirm a SPX             peak, it could be another signal of a developing top.

If the SPX             fails to move above 2113.10 and goes below 2094.00 it could be a very bearish signal.

Mark
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out