FX:SPX500 S&P 500 index of US listed shares
7 months ago
I can see a repetition of the same pattern that occurred in November, with a trend reversal (Price diverges from upper BB) after a rapid rally. Furthermore, the trend reversal occurred at a consolidated resistance point 2015. Finally the indicator hints to a downtrend as well as the a dominance that the negative slope of the balance of power indicator has. Furthermore, it has to be noted that external, mainly european, forces put negative pressure on US . The brexit referendum creates uncertainty in the market and the Chinese economic slowdown contributes to the unfavourable bad earnings of Q1.
3 months ago
Trade closed: target reached
2 months ago
Trade the markets, not your P&L