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S&P 500 Index
Short

Global Markets Crash Warning

By FortuneAI
The monthly chart of SPX is looking risky right now. It's about to trigger the Kiss of Death (KOD) bear signal🚨 When (after the sell off) price retraces to 21 period MA, reverses and breaks the previous low. In this case SPX needs to break June 2022 lows to trigger the KOD. The markets will confirm continuation of this bear market, once this break happens. Be careful with your long positions because once we breach June 2022 lows there will be another big leg down. How big? 20-50% leg down possible 💀 We don't expect anything to change given bearish macro environment due to inflation, high yields, strong dollar. The market will bottom once the fed pivots. We are not there yet 👀
Trade Safely, Stay Tuned🌻
Bearish PatternsBTCChart PatternscryptodumpForexTechnical IndicatorsnasdaqSPX (S&P 500 Index)StockstradingTrend Analysis
FortuneAI
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