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mikestoneusc

SP500 Sitting on the 50MA. Striking Similarities with 2018

Short
S&P 500 Index (OANDA:SPX500USD)  
mikestoneusc  
OANDA:SPX500USD   S&P 500 Index
Trend Analysis sp500index sp500future sp500short spxshort spxsell SPDR S&P 500 ETF (SPY) spyshort
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trendanalysis sp500index sp500future sp500short spxshort spxsell spy spyshort
SP500 Futures are sitting right on the 50MA at approximately 2862 this morning before the open. Striking similarities with the 2018 fractal. The market topped, paused briefly on the 50MA. Upon breaking the 50MA, the market plummetted nearly 392bps in a single session on a red 5 candle (TD indicator), which is exactly what it's setting up to do now. If the 50MA is broken, watch out below.
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