SPX500 is at Resistance established since the beginning of 2014 and is overbought. The MACD Histogram is declining, the Russell has been languishing, and the QQQ and the Dow are at Resistance as well. Even if the SPX only goes to the 100EMA like it did in April, we are still looking at 75 point drop to 1856. Finally, for now, yesterday closed with a right proper Hanging Man.
Something to keep an eye on!
Something to keep an eye on!
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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.