gbis
Short

SPX 500 at Resistance and Overbought Time to Go South?

FX:SPX500   S&P 500 Index
170 1 0
SPX500             is at Resistance established since the beginning of 2014 and is overbought. The MACD Histogram is declining, the Russell has been languishing, and the QQQ             and the Dow are at Resistance as well. Even if the SPX             only goes to the 100EMA like it did in April, we are still looking at 75 point drop to 1856. Finally, for now, yesterday closed with a right proper Hanging Man .

Something to keep an eye on!
is today the judgment day?
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