There is a strong bearish bias in this chart.
Everything points down and we had a very strong negative candle 27-July when the latest peak was hit.
The weekly also looks pretty ugly.
Here is the chart:
We have a rising wedge and last session being fully red.
MA200 moving up means that the SPX will be moving down.
Conclusion
It should be a strong, fast crash.
Maybe it will last for months, 2-3 months?
Your guess is as good as mine.
Remember to boost and like.
Thanks a lot for your support.
Namaste.
- The MACD is showing a strong downward bent with a negative histogram.
- The RSI is performing what tourists call "scuba-diving", it is crashing down, below 50 with bearish momentum growing.
Everything points down and we had a very strong negative candle 27-July when the latest peak was hit.
The weekly also looks pretty ugly.
Here is the chart:
We have a rising wedge and last session being fully red.
MA200 moving up means that the SPX will be moving down.
Conclusion
It should be a strong, fast crash.
Maybe it will last for months, 2-3 months?
Your guess is as good as mine.
Remember to boost and like.
Thanks a lot for your support.
Namaste.
Note
Definitely crashing but taking Crypto down with it... Prepare to be surprised, Bitcoin will soon completely detach from the (SPX) stock market.
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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.
🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.