S&P 500 Index Hits New All-Time High, Ready To Drop?

6 Oca 2020

The S&P 500 Index (SPCFD) hit a new all-time high last week at 3258.1... This is very likely to be the top.

• Bearish divergence is visible with the MACD and RSI.
  
• The bearish close for last week's candle always results in a drop for the SPX. Whenever you get one red candle after multiple green candles, the candle that follows is always a drop, this is what I see coming next.
  
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    Additional information can be gotten by looking at the daily timeframe where these signals are more pronounced, especially the bearish divergence.
    
    Let's see how the week starts for the S&P 500 Index (SPX/SPCFD). We are full bearish right now.
    
    Take a look at Gold (XAUUSD) pretty bold.
    
    
    
    
    And my latest Bitcoin article below:
    
    
    
    Thanks a lot for reading.
    
    Namaste.

6 Oca 2020

Not

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