S&P 500 IndexShort
S&P 500/SPY- Long Term Short Set-up
Stocks look ove-extended, and the rally is long in the tooth. CAPE Ratio & the Buffet Indicator are also at or ne
Stocks are hanging on a thread, sitting right on the 2009-Present trend-line.
The 20 bar is sitting well above the 50 bar however.
There are a few divergences-
Bearish MACD crossing
Declining RSI and long-term broken trend-line
Declining CCI and long-term broken trend-line
Stocks are hanging on a thread, sitting right on the 2009-Present trend-line.
The 20 bar is sitting well above the 50 bar however.
There are a few divergences-
Bearish MACD crossing
Declining RSI and long-term broken trend-line
Declining CCI and long-term broken trend-line
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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.