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SPX Bearish Divergence, some possible scenarios :)We have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday. The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20. I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible. I've linked to the custom divergence indicators I use below, they're completely free to use :D I use these two for divergence the most actually, I really love these, I made them myself :) Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday. The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20. I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible. I've linked to the custom divergence indicators I use below, they're free :D I use these two for divergence the most Oh aWe have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday. The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20. I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise against investing large amounts at these levels. However, I mostly trade trends and until the current trend changes, I'm neutral for now, haha I know, what a cop out, lol. Though I guess I would say I'm more bearish than bullish, I could still see the entire market increasing 25% in value before any sort of crash or pull back, it certainly is possible. I've linked to the custom divergence indicators I use below, they're free :D I use these two for divergence the most Oh and PM me if you'd like to join my discord server/chat room, we have tons of pro traders where we all share our trades, ideas and Technical Analysis. It's free to join too! I just can't post the link here :)
SP:SPXShort
by That25RGuy
1