Just a quickie not much to say here as I'm already covering SPX a lot.
With monthly close it has been an enormous bearish engulfing candle showing momentum increasing to the downside.
RSI with bearish divergence from July reveals this top is unlike any since the 2008 crash and I expect RSI to hit the lower band as it did then.
MACD also has crossed and there is no coming back from that without the bottom falling out.
Currently brushing up against the 20MA - much more to come.
Not a good time to be long stocks.
Not advice.
With monthly close it has been an enormous bearish engulfing candle showing momentum increasing to the downside.
RSI with bearish divergence from July reveals this top is unlike any since the 2008 crash and I expect RSI to hit the lower band as it did then.
MACD also has crossed and there is no coming back from that without the bottom falling out.
Currently brushing up against the 20MA - much more to come.
Not a good time to be long stocks.
Not advice.
Next video Saturday 22 June😼.
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
