SPX weekly top formation.

Houston we have a wall in front of US.

Why?

1) Top building
2) Repo cuts today from FED
3) Sell in May is near
4) Overbought on monthly, weekly, dayl. chart
5) Corona economy impact
6) Volume is down for days, watch VIX
7) $ is gaining up

This could be a good turnaround into long term sells.

İşlem aktif:

Here the summary of the last 11 years, simple

İşlem elle kapatılmış:

İşlem kapandı: hedefe ulaştı:

www.tradingview.com/chart/KWxpgEZJ/