MaryJane

US-Stockmarket: Crash ahead?

FX:SPX500   S&P 500 index of US listed shares
342 1 33
The Moving averages 90 & 50 crossed eachother in the longterm chart and generated a possible sell signal in the S & P 500 for the first time since the financial crisis . The last time that happened, the S&P 500             crashed massively.
Is that Szenario a blueprint for opening a shortposition?

Although the the SMAs crossed eachother, something is different to the history: The Market is not trading below These mentioned SMA`s!
I see 2 longterm Szenarios:

1.) Trying to catch the possible procyclical breakout-move. This Szenario is given, when the market is traded above the last Highs ~2125.
2.) Trying to catch the Break of the Uptrend. This Szenario is active, if the market is traded below the last significant Low @ 1850. The Minimum TP of this trade could be the old breakout Zone, based round about the 38,2 fibo retracement @ 1.550

The wide range between 1.850-2.125 seems to be neutral...

In my Chart i illustrate the two mentioned positions.

Good luck!


Trade active: The mega Breakout trade is active :-)
Agree.
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