ProfitHarvest

[SPX] Indicators Screaming SELL... Ignore at Your Own Peril!

Short
SPCFD:SPX   S&P 500 Index
MACD looking to flip.

ADX looking to flip.

DPO very high.

RSI as VPT screaming sell.

RSI and RVI screaming sell.

SMAs weighing heavy on market and indicating a sell.

POC under price and signaling sell.

Really hard to make any kind of bull case from technicals here.

This is my last rundown on SPX before the creash probably (will start tomorrow and continue through mid-June).

I'll be busy riding the TVIX for the next two weeks :).

Comments

Thanks
+1 Reply
I agree with this analysis. This rally seems like a trap from what the charts are saying and even from fundamentals...how long can this charade last when the productivity levels are low.
+1 Reply
ProfitHarvest CarlsonCryptoTrading
@CarlsonCryptoTrading, Till Monday lol.
Reply
RSI as VPT - what does this mean? thank you
+1 Reply
ProfitHarvest LotusTrading20
@LotusTrading20, I dunno, I just look for trends in data :).
Reply
3076 and im in for selling!
+1 Reply
@JDR-FX, You may have perfectly caught the peak there, nice work!
Reply
JDR-FX ProfitHarvest
@ProfitHarvest, Lets see but its looking like it will turn soon. All the best and good luck with your trades!
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out