S&P 500 Index Irregular Correction

7 天前

➖ The SPX produced a higher high yesterday compared to mid-July. This higher high is part of an irregular correction.

➖ This higher high is the B wave of a major ABC. The high bearish volume on the 20th of September, the highest since March 2023, indicates that the bears are very active on this index.

➖ Selling pressure has been going up while buying pressure has been going down.

➖ Subtle signals are pointing toward a new drop in the coming weeks.

Namaste.