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dsorchestra90

S&P 500/SPY- Long Term Short Set-up

Short
S&P 500 Index (FX:SPX500)  
dsorchestra90  
FX:SPX500   S&P 500 Index
S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) shortsetup Fundamental Analysis Technical Analysis short
2
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spx500 spy shortsetup fundamental technicalanalysis short
Stocks look ove-extended, and the rally is long in the tooth. CAPE Ratio & the Buffet Indicator are also at or ne
Stocks are hanging on a thread, sitting right on the 2009-Present trend-line.
The 20 bar is sitting well above the 50 bar however.

There are a few divergences-
Bearish MACD crossing
Declining RSI and long-term broken trend-line
Declining CCI and long-term broken trend-line
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