markrivest

SPX Decline Has Begun

SP:SPX   S&P 500 Index
My prior post noted a decline in US stocks was imminent. Today 01/15/21 the SPX daily MACD had a bearish crossover a few trading days ago the daily Stochastic had a bearish crossover.
If the decline continues it may only last until the end of January or early February , this is based on a possible analogy with the SPX January 2010 peak. That minor decline lasted about two weeks and fell about 9%.

Mark

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.