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yogamarc
Dec 6, 2018 5:16 PM

S&P third time bounce? 

S&P 500 index of US listed sharesFXCM

Description

I'm still heavily bearish on the S&P longterm, but it is showing signs of bit of positive divergence on the H1 having bounced for a third time on the 2621 level (I took profit on the touch). So it might just have another go at the Santa Clause rally before dive bombing to the change-of-the-world levels that will have to come at some point (even if its not til 2020), although the death cross on several time lines means it also might have another go at dropping to the 2570 levels before the next rally attempt...
So I'm 'wait and see' right now.
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