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...
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...
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...
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...