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gb50k

SPX500 bearish as Momentum turns down

Short
S&P 500 Index (FX:SPX500)  
gb50k  
FX:SPX500   S&P 500 Index
Trend Analysis Technical Indicators S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) spx500short TOP reversal
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trendanalysis indicator spx500 spy spx500short top reversal
SPX500 1hr chart on top
200MA and 50MA will 'death-cross' (60m chart) if the acceleration of downward momentum continues.

Downward momentum is evident in 3 custom momentum indicators.
The momentum picture is similar (bearish) on all TF's from 30m to 240m.

I intend to short upon sufficient confirmation of a reversal.
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