Probably the biggest RSI divergence in history.
The yellow chart represents the 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity.
Taking into account the brutal divergence and the inverse yields to happen, it must be assumed that the price will suffer an extreme fall in the coming months.
After hearing "longest stock market bull run ever" back in September I've been calling on an eventual bear market. Markets are all about timing, however, and it looks like the time has come to short the next "stock meltdown".
I'm a complete novice still, but I'm learning. This platform should be used for expressing ideas and that's exactly what I will continue to...
I did not like my previous count so I decide to count waves again
u know there are many probabilities
We are in a sensitive position if primary X can penetrate 5 primary and make a new high
this count is failed
Long Bias is running strong - however this is a very temporary trade for me. Target here on the April Monthly:
Please be advised the current king trend here continues to be full bull though. I am in a put vertical spread favoring the long side with a probability of profit of 62%. There is a great deal to be bearish...
Momentum is slowing down as we approach ath and it looks price could reverse soon.
Tech stocks: The FAANG bubble popped. We are at a prime area for return to normal bull run to top.
Expect disapointing earnings fueling a selloff. Even if they are good we selloff anyway probably...
The Weekly S+P 500 Chart
shown here for the purposes of illustration,
shows price has risen almost as far as it possibly can,
in the current ascending wedge pattern.
Next, will come a sizable price breakout.
The technical expectation of the ascending wedge
is for an ultimate sharp break to the downside.
I will tell you that if that were to occur,
Market curve turned decidedly parabolic after FED interest rate peak around 1981.
The parabolic growth of the S&P500 Index and broader stock market over the past 28 years appears to correlate with progressively declining interest rates.
Every major reversal (rate increase) in the rate decline has been followed by a stall or decline in the value of $SPX.
Hello Friends. SPY is not bearish and there are no technical reasons to open a short position imho, unless you feel like it. We're obviously approaching a zone of potential resistance. My overall perception is that we're going to enter some kind of consolidation phase and eventually retest the closest support zone. Happy Easter my fellow rabbits.
Morning Notes 04/17/19 Sentiment Timing Trading Environment-Short Term: Current Environment-Neutral/Bearish
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When talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce.
Daily MACD confirms further bearish momentum.
RSI turning against.
Further fall is imminent to 2400 points.
Important thing to say which is subjective opinion, but previous results add weight to expertise:
* S&P500 suggested retracement at the Ocotber 2015...