📈 S&P 500 Index Crash

There is a strong bearish bias in this chart.

• The MACD is showing a strong downward bent with a negative histogram.
  
• The RSI is performing what tourists call "scuba-diving", it is crashing down, below 50 with bearish momentum growing.
  

Everything points down and we had a very strong negative candle 27-July when the latest peak was hit.

The weekly also looks pretty ugly.
Here is the chart:

We have a rising wedge and last session being fully red.
MA200 moving up means that the SPX will be moving down.

Conclusion

It should be a strong, fast crash.
Maybe it will last for months, 2-3 months?

Your guess is as good as mine.

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Thanks a lot for your support.

Namaste.

Bình luận:

Definitely crashing but taking Crypto down with it... Prepare to be surprised, Bitcoin will soon completely detach from the (SPX) stock market.