SPX going bear
6 week consolidation followed by a downtrend confirmation last week suggests a 10% dip in SPX before Christmas.
MACD crossover signaling a downtrend about to emerge also.
Monthly prices at the end of 2017 closed above the upper Bollinger. Then have dropped below this month. This indicates a likely drop in price.
Look for a drop below the 2600 resistance level to see more lows.
Despite markets rallying this week I think we are headed for more of a drop.
MACD crossover signaling a downtrend about to emerge also.
Monthly prices at the end of 2017 closed above the upper Bollinger. Then have dropped below this month. This indicates a likely drop in price.
Look for a drop below the 2600 resistance level to see more lows.
Despite markets rallying this week I think we are headed for more of a drop.
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