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S&P 500 Index
Short

S&P in serious danger of a major crash

485
NASDAQ to S&P ratio (white line on chart) is at all time high similar to 2000 tech bubble and it has changed direction to downwards recently which is troubling for all markets as tech is a leading indicator for the broader markets. There is bearish divergence on rsi and relative volatility index also has a bearish. These 2 divergences reveal that the underlying strength of the S&P is about to turn negative and stochs are also at the top of their channel.
Epic_economist
Chart PatternscrashTechnical IndicatorsS&P 500 (SPX500)Trend Analysis

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Chart PatternscrashTechnical IndicatorsS&P 500 (SPX500)Trend Analysis
Epic_economist

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.