Here the RSI peaked in July, by the time we get the lower high in December that's a 5 months bearish divergence.
It is a bad omen to start red; The year, the week, the day.
The S&P 500 Index started red and I believe this is part of an irregular correction.
We are set to experience lower prices.
I don't see a way to go back but this can be invalidated if the SPX moves and closes above 4793 weekly.
Prepare for the correction.
Namaste.
It is a bad omen to start red; The year, the week, the day.
The S&P 500 Index started red and I believe this is part of an irregular correction.
We are set to experience lower prices.
I don't see a way to go back but this can be invalidated if the SPX moves and closes above 4793 weekly.
Prepare for the correction.
Namaste.
ืืขืจื
The last five days red. Today ends on a very strong negative tone with a close below EMA21 and bearish candle: This is pointing towards lower; Bearish bias becoming stronger leading to Friday.
ืืขืจื
The DXY going to 106, which means that the SPX, Gold & Bitcoin are going to crash.ืืขืจื
We have a new high 10-Jan on the SPX, which works as a short-term double top (26-Dec).10-Jan 2024 we have the highest price since Jan 2022.
This can also be read as a long-term lower high or long-term double-top (Jan 2024 vs Jan 2022), the signal works the same in either case; bearish.
The RSI peaked July 2023, we have the same signal, either a double top or lower high:
Both can be read as bearish signals.
I can easily say that the correction is confirmed but prices still trade really high, above EMA10, etc., so it is early but volume has been dropping and the drop/crash can be sudden and fast.
Confirmation is needed as it is really early, we are still looking at the top.
ืืขืจื
It is of a high possibility that the new ATH hit today signals the end of the bullish wave.
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