at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
It seems we're at the inflection point once again. Maybe a day or two out from SMAs and MACDs turning positive for UVXY, and these big spikes in block trades are usually a precursor it seems to market sell offs - big players taking profits likely.
I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil,...
This is a longer term idea based off charting done from 2008 until now, and where we expect to go from here.
For this interested, earlier today I did a shorter term outlook using daily candles, for those interested the link is: , or you can find it in my profile. Feedback and constructive criticism is always appreciated, happy trading!
Elliot Wave says we're at the end of 5th wave.
How long before S&P crashes?
This either happens in june, though it is unlikely, or in september.
BEARISH DIVERGENCE ON MONTHLY RSI.
Like all S&P crashes, each one of them had a bearish divergence on RSI, as you can see, both on first and third point of elliot wave.
Why it will happen? Stocks have too high P/E ratio,...
We can enter a sell trade for the S&P 500 index if it breaks the highlighted triangle pattern and settle below it.
Target 1: 1910
Target 2: 1860
Stop Loss: If it turns out to be a false break and the index closes back above 2040.
SPY is going down from here it seems.
Resistance from all time highs.
MACD crossover
It tested the longterm trendline yesterday.
Open 208,07
Stoploss 214
Target 200
Read more at
Monitor cluster and put stop on breakeven.
look at our setup:
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SignalSuisse
Why S&P 500 is Bearish:
Technical Analysis:
-bearish divergence on monthly RSI
-bullish momentum is weakening, shown by DMI, both strength and direction, could be divergence too
-Stoch shown with blue on PTS is on highest levels
-MACD on highest levels and made a cross
-Elliot wave says S&P 500 is in fifth stage, look for bearish
Fundamentals:
-June:
--Grexit...
