Caution: SPX may dump at any time now.
Updated
Sell signal on CYBER ENSEMBLE {Premium} triggered.
PRISM Oscillator's pRSI (main oscillator) entered bearish phase by crossing below its 30 VWMA.
Ichicloud reverted back into bearish state.
Economy significant impacted by the COVID-19 pandemic lockdown: jobless rates high, businesses going bankrupt, etc. no real sign of recovery yet. Market artificially propped up the FED's money printing (banana republic style).
PRISM Oscillator's pRSI (main oscillator) entered bearish phase by crossing below its 30 VWMA.
Ichicloud reverted back into bearish state.
Economy significant impacted by the COVID-19 pandemic lockdown: jobless rates high, businesses going bankrupt, etc. no real sign of recovery yet. Market artificially propped up the FED's money printing (banana republic style).
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See also:
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Key points that wasn't mentioned in the earlier post:
+ SPX was above the VWAP but was rejected by the 200 VWMA.
+ Gap at 2573-2540
+ Bearish M-like distribution consolidation pattern/trend.
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"NYTimes 09/Apr/2020 With 2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue"
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