Is this the correction we've been waiting for?

SP:SPX   S&P 500 Index
Yesterday's close <2,100 is a confirmation of the negative trend which has been forming
Most technical indicators have now turned negative for the S&P 500            
50MA is getting dangerously close to a negative "death cross" formation with MA100
We are approaching oversold levels but not yet dramatically so
Next few weeks provide just enough uncertainty (elections, Fed) to fuel the correction
Next level from here = MA200 support = 2,081.18
This is a time to step back or short the SPY             or go long gold             or volatility
Comment: After 6 straight sessions down, the index yesterday stopped a few points above the MA200, a key support level. I except some shorts to be bought back today ahead of the week-end, and the down-trend to resume some time early next week as we get closer to election outcome.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out