S&P 500 IndexShort
Bearish Divergence on monthly chart for the S&P 500
Any thoughts on the monthly bearish divergence on the S&P 500? It even goes all the way back to 2018. It looks obvious to me, but I'm open to discussion. If there's a big sell-off here I would of course expect the Fed and Gov to step in again and start spending money. This also coincides with the fact that the sugar from the last round of Fed and Gov stimulus is wearing off. Things could get ugly here, the whole market has been expecting a correction for quite some time now too. That is unless the Gov comes together and puts out a package before the sell-off.
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