OANDA:SPX500USD   S&P 500 Index
A good time for an update to the S&P chart with the Month and Quarter close. It is becoming clearer that returns are below par with vol increasing (see VIX chart)

Cyclical stocks are significantly behind and with momentum fading it's time to start trading the next leg to the downside. Risk entering back onto the global scene via protectionism and is now spreading beyond trade.

Same story across the board...

& China are no exception in the short-term...

Thanks for keeping the support with likes and etc coming...Highly recommend all bookmarking this idea, jump into the comments with your views and we can open the conversation for all.

Have a great day!

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On the chart, I like how these long term fib levels line up. A break above an ascending channel close to the end of the business cycle