AlanSantana

πŸ“ˆ The S&P 500 Hits A New All-Time High; Prepare For The Crash

Short
SP:SPX   S&P 500 Index
βž– The S&P 500 Index (SPX) hit an All-Time High the 12th of February 2024. The session ended red and as a negative candlestick pattern.

βž– On the 16th of February we have another bearish session that ended as a lower high.

βž– This Monday starts red with the index moving below EMA10. This is matched by a strong bearish divergence with the RSI.

βž– Finally, we can see a rounded top pattern...

πŸ‘‰ The TOP is in β€”prepare for the crash.

The ensuing crash is a classic correction as the market moves in cycles; It goes up and down.
After the down-wave, the SPX will resume growing like clockwork.

Thank you for reading.

Namaste.

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