SPX CUP & HANDLE ???? Kicking the can further down the Road

S&P 500SP

Description

⋅ Jun 28, 2019 2:50 AM

Deflation/Soon to be HyperInflation??

Retest the handle to 2780

Lower Earnings=Higher Equity prices..Makes Since

Prettiest horse in the glue factory..

The recession started at the start of this pattern..

Look around you..Do you see the slowing yet. Malls are flooded with vacant spots..Check out the commercial retail spots available in your town...many available soon..
Theme parks are controlling/blaming the lower attendance on higher prices..$20 i think not..damn universal mouse..

To many things to list why this pattern should fail...But will it..

Never underestimate the Ponzi Scheme and it's power to keep this going..

Trade Safe

Beyond Technical Analysis S&P 500 (SPX500)SPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) GLD Bitcoin (Cryptocurrency)

Comments

BMLemon

⋅ Jun 29, 2019 12:38 AM

just look at the broke ass RSI on the weekly. You'd have to be crazy to think things are okay.

Marcus2018

⋅ Jun 29, 2019 1:10 AM

@BMLemon, I swear. It’s crazy.

BMLemon

⋅ Jun 29, 2019 1:24 AM

@Marcus2018, It's also a reason I think BTC is in a bear market rally. When indices take a shit, everything is going to take a shit. btw, I meant the RSI on the monthly, but I'm sure the weekly is a mess too.

CodedFlow

⋅ Jun 28, 2019 4:36 AM

I did underestimated and I lost my account. Marcus is right.