Here's the "Hindenburg Omen" sell signal with the MCO oscillator. The indicator suggests not buying/going short for 30 days when confirmed, it is only is confirmed if/when the MCO is negative during the 30-day period and rejected if the MCO turns positive.
The S&P is trading well above historically fair valuations and the fed hiking rates should act as gravity to stock valuations. I expect the S&P to return to between 18 and 20x earnings. Which would be about $4000.
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.