alanmasters
Short

S&P 500 Index Prepares To Go Lower, Much Lower...

OANDA:SPX500USD   S&P 500 Index
Our last analysis for the SPX500USD marks the top. A clear drop followed and new signals are coming up telling us that this won't stop...

Feel free to hit like to get started if you want to now... Thanks a lot for your support.

Here you can see our previous analysis for the S&P 500 Index all-time high (This is not financial advice. All information shared by Alan Masters is for educational and entertainment purposes only):
  • EMA50 (magenta line) is the support that was holding the SPX500USD from going lower. After three attempts, it finally broke going all the way down to EMA100 (blue line).

    Each time EMA100 is broken, we see massive bearish action. Daily candle is yet to close, so the above signal is only confirmed after trading day closes and it needs to be below EMA50 and EMA100 for this signal to be valid.

  • Trading volume growing massively after the top was hit. We have double and triple trading volume while bears are now taking the upper hand.

  • The RSI crashed completely and is on the bearish side.

  • The MACD is now entering the bearish zone and clearly bearish and moving lower.

Conditions for change: For the S&P 500 Index ( SPX500USD ) to change course, a strong close above EMA10 needs to happen, and at the same time the index needs to remain above it or grow from there.

What's your take on what will happen next?

Share your thoughts in the comments section below.

We appreciate the time you took to read this. Thanks a lot for your continued support.

Namaste.
Comment: Remember Apple Inc. (APPL)?

Take a look here:
🔥 Alan Masters Telegram 💬
https://t.me/AMTrades

🌐 Become AMT-PREMIUM NOW!
https://alanmasterstrades.com
(Crypto-Trading, Altcoins, Strategy, Chat & Support)

✅ Telegram Signals
https://t.me/AMC1Regbot

💎 BITMEX BLACK LIFETIME
https://t.me/BBLREGBOT
top or local top? after ABC correction should be again right?
Reply
alanmasters chocotraders
@chocotraders, Can happen but we might see some game changes coming out in a few weeks... News that people were not "expecting".
Reply
chocotraders alanmasters
@alanmasters, so you mean a real crash? but is that also an ABC corrective wave?
Reply
alanmasters chocotraders
@chocotraders, No, I think it would change the structure of the chart and the wave count.
+1 Reply
chocotraders alanmasters
@alanmasters, you know what's coming? "global financial reset" or what? Bond market trouble?
Reply
alanmasters chocotraders
@chocotraders, It is honestly a mix of everything. 2020 is the year of big change, especially within the financial markets.

Basically, all of the different sectors in the conventional financial markets will be forced to make drastic changes in the way they operate or they will be facing some massive problems.
+1 Reply
Should crawl about halfway back up the megaphone... then C = A for drop back to near 2700, eh?

That would be... Wave 1 of markdown impulse. Wave 2 might carry it back to current levels before the real grindoff.
Reply
alanmasters DaddySawbucks
@DaddySawbucks, Thanks for sharing.
Reply
Thanks for sharing. Let us know when this is over and we can safely buy again :) <3
+1 Reply
DaddySawbucks OliverNicolasOverhage
@OliverNicolasOverhage, Probably in 2022...
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out