SPX: Market at Risk of Major Correction
RSI divergence is one of the strongest indicators that has shown the bring major corrections to S&P500 historically.
We are now observing the formation of a near decade long RSI divergence which could put the entire market at extreme risk of 20% correction to 50% crash.
If July closes with a shooting star pattern, we should continue to slide down till RSI rest near 20's for the next couple of years.