Luettis
Short

S&P 500 down on the lower limit of the trend channel

SPCFD:SPX   S&P 500 Index
The US-american Index hast just touched the lower limit of the inner trend channel. And with the negative momentum in mind it is probable that it will leave this channel ( RSI weakening fast, ADX: DI- rising). If it crosses the lower limit then we can expect it to test the lower limit of the very long ascending trend channel - at about 2.550pt.
The volume has been high since dec 2016. A lot of money came in in the last months and has bought equities on higher prices.
How will be their reaction?
Will the weak hands stay in the market or leave it. And the smart money - did it already leave the equity-market?



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