Back in October 2018 I shared a chart for SPX mentioning that it would crash, the signals were pretty straight forward and I was surprised to see how easy it is to predict movements of these conventional assets.
The crash followed as predicted. You can see it here:
Now, I am seeing the same signals that alerted me of the previews crash; here they are:
Bearish divergence on both the RSI and MACD.
Not enough volume.
You can expect the S&P 500 Index to crash once more.
This is just a friendly reminder. We focus and trade mostly cryptocurrency, but many of our followers might get trapped by the hype that is shared daily on the news.
So get ready, as this will fall. SELL.
Hit LIKE to show your support.
Namaste.
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Dow Jones Industrial Averages Index (DJI):
Apple Inc. (APPL):
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Bearish divergence:
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I believe it will continue dropping. The next support is at 2700-2710, this is marked by fib levels, EMA50 and EMA100.
Here there can be a small bounce back up to EMA10 before continuing lower... Just having fun on the details but the main analysis remains the same... BEARISH:
@lvkey, what do you think your entry will be around?
Fida4u
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@alanmasters in your opinion, the bounce into the close will be short lived ?
eudotong1
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The Inverse Dow (SDOW) chart makes @alanmasters forecast even more painfully clear. Check out this insane bullish divergence and beautiful Risk-Reward:
UnknownUnicorn1615160
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This will be a text book example that people should have bought the dip. technical bounce off the 200 Week MA. Weekly DMI show bulls are in full control. Stochastic and RSI are overbought so could see some some short term profit taking. fundamentals are too strong. balance sheets are strong. Fed is on the stock market side. trade deals will get sorted. still another 2 years into this equity bull run before we need to start talking major crash.
AlanSantana
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@WolfPackCrypto, I read exactly the same back in October, still it crashed.
UnknownUnicorn1615160
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@alanmasters, the market crashed in Oct was an overreaction to Fed rate increases. Now that Wall Street knows they have the Fed in their pocket you won't see that kind of dip again for another 2 years. the markets going to ATH's and beyond.
UnknownUnicorn1615160
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*not Oct...you know what I mean.
AlanSantana
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@WolfPackCrypto, Take a look at this wave count, this is a classic: