SPX compared to DAX and EUR/USD (Recession signs).... it seems like EU (Europe) as total, is already in a recession-situation for last 1-2 years (from early in 2018), and EU-data also have showed this last years. SPX is at highs, that can be at a resistance-level.... But we have to see more PA during next weeks & months now, those next candles. Upper trendline match this highs now, + a very heavy bear divergence in this weekly chart, could give a sign for some overbought conditions here.... This fall can be interesting, for sure....
For sure big money have been pushed into US, more than into DAX = -11-12% lower , + EURUSD is much lower than early in 2018.
For sure big money have been pushed into US, more than into DAX = -11-12% lower , + EURUSD is much lower than early in 2018.
Note
Much in this spx weekly chart, tells me, I will not be surpriced, if we get a selloff when FED release it's -1/4 % late in July... marked is pricing it in now.+30% increase in 29 weeks, most in 2019, is VERY heavy, and I'm sceptic it will be this high at end of this year.... + the heavy bear divergence in SMOO MOMO (momentum-indicator)
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.
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.