SPX and the rest of the market has been taking a beating as a result of ridiculously overbought levels, and the Coronavirus pandemic. The timing of a crisis happening at overbought levels time and time again in history is impeccable. Bear divergence in the rsi leaves clues. Shall we test the 200 EMA monthly as we always have during every crash, and reach oversold monthly RSI? Looking very likely. Don’t take my words for it, look at the clear patterns. I have a feeling we will get some “good news” around the 200 EMA zone.
Take care.
Take care.
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