S&P 500 Index Is Certainly To Drop...

24 בינו׳ 2020

I am looking again at the S&P 500 Index (SPCFD | SPX) and today's candle is pretty clear and strong... The drop is now on.

I won't go into details since you already read my articles, but this thing has been overbought for years and the bearish divergence has been going on forever... The government is buying and buying which invalidates our TA, but, it won't be invalidated for much longer.

If prices resume the uptrend after the drop, do not expect this to continue after the election of the USA.
There will be big red here for a long period of time... Not now, but its coming.

Namaste.

1 בפבר׳ 2020

הערה

New update, weekly timeframe:

16 במרץ 2020

הערה

It became true in the end... A major crash was approaching the S&P 500.
We warned for looooong.