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SPDR S&P 500 ETF TRUST
Short

S&P Warning This is not a drill !

By Gao_Capital
Updated
S&P failed to break above the trendline, RSI & MACD both indicate reversal in play. We are ready for final wave 5 to complete this bearish megaphone pattern.

Please be careful out there.

Comment
Seeing similar reversal setups in DAX, Nikkei, Euro Stoxx 50, XJO, IBOV, MOEX, KOSPI, HSI.
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Futures plunging, Trump tested positive for covid-19.
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S&P unfilled gaps below: 2865, 2538, 2300
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One of the nuances that has me cautious is the VIX failing to make lows as SPX headed higher....
Bearish PatternsChart PatternsDOWTechnical Indicatorsnasdaqriskrussell2000S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index

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