S&P 500 IndexShort
[SPX 30M] The Great Selloff... Look at that ROC GTFO!
ROC not fooled anymore, flipping back to hard sell.
RSI hard sell and downtrend signal right now, RVI drop leading indication for more RSI drop, more divergence the better. RVI called the June 4th RSI support cross fakeout but is under RSI now meaning an RSI support break will likely lead to a stronger downtrend.
MACD cross with plenty of downward space.
ADX looking for a trend change. DPO cross under.
DMI+ cross under ADX.
Overall market still soft buy (TRIN).
Looks like the gap up saved the day!
The market's fate however is sealed.
RSI hard sell and downtrend signal right now, RVI drop leading indication for more RSI drop, more divergence the better. RVI called the June 4th RSI support cross fakeout but is under RSI now meaning an RSI support break will likely lead to a stronger downtrend.
MACD cross with plenty of downward space.
ADX looking for a trend change. DPO cross under.
DMI+ cross under ADX.
Overall market still soft buy (TRIN).
Looks like the gap up saved the day!
The market's fate however is sealed.
Data analyst with a passion for best fit lines B)
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