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The S&P 500 Index Goes Lower | Daily, Weekly & Monthly: All Red The S&P 500 Index (SPX) is also completely bearish across all the timeframes we looked at for the NASDAQ-100 (NDX) index. So we have the daily, weekly and monthly timeframes as bearish. SPX Daily (D): - Bearish volume has been growing since November 2021. Lately, we are seeing more red bars than green, they are also bigger, which is a simple way to identify who is putting more pressure on the market, bulls or bears. The bears (red) are winning this time around. - Notice that even though the NDX already went below EMA300 daily the SPX tested this level as support and is currently trading above it. EMA300 is the grey line on the chart. Yet, it continues aiming lower. - The RSI is super-weak (also called oversold by many people) which can lead to additional loss of value. On the weekly timeframe, the SPX is sitting just below EMA50 (not good). And now we go to the monthly: - The monthly candle closes in just 3 days. - This will be the first bearish monthly close below support in years. - We also have bearish divergence with the RSI since August 2021. This is it my friends. What's your take? Do you agree with my analysis? Do you believe is possible that these indexes will blow up? Feel free to support our work with your comments, shares & follow. Thanks a lot for your time. Namaste.
SP:SPXShort
by AlanSantana
10
Dow Jones Industrial Average Monthly Chart Analysis (30%+ Crash)Here we have the Dow Jones Industrial Average (DJI) on the monthly timeframe. We have some different signals compared to the SPX and NDX but the overall picture is still the same. The market is topping and early bearish signals are starting to develop. In fact, some of these signals are early no more. Looking at the monthly timeframe, the DJI is still trading above EMA10 which tells us that the bulls have the upper hand. This monthly candlestick though is leaning towards the bears, once EMA10 fails as support, the bears are back in front. We have two rising wedge patterns. The first one showed from 2018 to 2020 and was followed by the strongest correction in over a decade, while the second one started in late 2020 until now... The rising wedge pattern is bearish. We are likely to get a bearish confirmation as this monthly candle closes. The MACD has peaked and is now trending lower. The RSI has been printing lower highs for a while now and is becoming weaker. Watch out! The crash can happen fast as it can happen over a period of many months. Do your best to prepare for the long-term. Remember, corrections are a normal part of the market cycles and we tend to become stronger each time one of these shows up. Thank you for your time. Thanks a lot for your continued support. Namaste.
DJ:DJIShort
by AlanSantana
We Got The SPX Wrong, But The Signals Are Still Bearish (Drop!)You could say we got the S&P 500 (SPX) charts completely wrong, or you could say we saw this one coming, that is completely up to you, you can check our previous analysis here: In the analysis above, you can see that we mention the price moving to the all-time high before dropping as a potential scenario but the less likely one, this one is now the true scenario. Just like it happens with cryptocurrency, the market moved differently to what most analysts expected, but what will happen next? The charts and signals are still quite bearish for the S&P 500 (SPX). So yes, it is moving up slowly but a drop will be coming sooner rather than later... Let's take a look at these signals together now, while you hit the like button (thumbs up)... Thanks a lot for the continued support. S&P 500 Chart Analysis by Alan Masters The first signal we are looking at is a double top. We can see that the SPX hit all-time high 2942 on the week of the 17th September 2018, I shared a chart right after that. You can see it here: Trading volume is at its lowest in years. You would expect volume increasing on the way up, but that is not true. Trading volume is really low, this supports an upcoming drop. The MACD is showing clear bearish divergence which is only growing stronger by the week, see it here: The RSI is also on the same situation. Moving up but with bearish divergence growing. The chart pattern drawn in purple is a classic Rising Wedge, this pattern is bearish in nature and can lead to a breakdown. These are the main signals coming from the chart. Even though we have the SPX slowly increasing in price, the signals are developing to the bearish side, this is an indication that this index can easily drop. Conditions for change: The SPX is near its all-time high, so it should be very easy to track here. If the all-time high is broken and volume grows, then you can expect this bullish trend to continue. But if the SPX remains below ATH, then the possibilities of an upcoming drop increases dramatically. What's your take on the S&P 500 and the signals mentioned above? Please share your thoughts in the comments section below. Thanks a lot for reading. This is Alan Masters, and I appreciate your continued support. Namaste.
OANDA:SPX500USDShort
by AlanSantana
Dow Jones Industrial Average Crash Ahead (Bearish Divergence)The chart for the Dow Jones (DJI) is basically the same one as the S&P 500 (SPX). So needless to say, this one will crash as well. My long term analysis for DJI is still valid, you can see it here: This new crash that is incoming is just an extension of the one I mentioned above. Looking at the chart: We have bearish divergence showing up on the MACD and RSI. The rising wedge pattern is bearish in nature. Resistance is being reached. Expect a minor push up followed by the drop. Make sure to SELL/SHORT before the crash. P.S. This information and all information shared on the Alan Masters (@alanmasters) channel is solely for learning and entertainment purposes only. This is not financial advice. Hit LIKE if you found this useful in any way. Thanks a lot for reading. This is Alan Masters. Enjoy your weekend. Namaste.
DJ:DJIShort
by AlanSantana