That25RGuy
Short

SPX Bearish Divergence, some possible scenarios :)

SPCFD:SPX   S&P 500 Index
We have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.

The purple route is the more bearish route while the blue route is less bearish , just filling the gap from Sep 19-20.

I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish , I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.




I've linked to the custom divergence indicators I use below, they're completely free to use :D
I use these two for divergence the most actually, I really love these, I made them myself :)

Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.

The purple route is the more bearish route while the blue route is less bearish , just filling the gap from Sep 19-20.

I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish , I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.




I've linked to the custom divergence indicators I use below, they're free :D
I use these two for divergence the most

Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday.

The purple route is the more bearish route while the blue route is less bearish , just filling the gap from Sep 19-20.

I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish , I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible.




I've linked to the custom divergence indicators I use below, they're free :D
I use these two for divergence the most


Oh and PM me if you'd like to join my discord server/chat room, we have tons of pro traders where we all share our trades, ideas and Technical Analysis . It's free to join too! I just can't post the link here :)
Sep 22
Comment:

zoomed in
I added some boxes for possible bounce zones
Sep 28
Comment: so we going for blue?
This is what I see in the Big Picture:
Reply
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