--Even though no short signal is in sight but there has been no push on upside after breakout of previous highs. -- SPX is trading in Wave 5 of Wave 5 -- so there is no point going long here instead sell on rise markets. -- The sync between DAX, Nifty & SPX500 has been broken now. Both DAX & recently Nifty have corrected form highs and SPX500 is near it's top.
-- Any weekly close below 2890 would be bearish ( Looking for Friday's Close ) --
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SPX500 is breaking down -- Go short
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Nothing but a retest of broken trendline support !!
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Looking for a bounce wave C on upside !!
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SPX500 is at make or break level ! Same with Crude Oil -- too much negative and overly sold -- crude will bounce back and with it spx500 will also bounce back !!