S&P 500 IndexShort
SPX compared to DAX and EUR/USD (Recession signs)
Updated
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)
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