📈 S&P 500 Index Crash

Aug 9, 2023

There is a strong bearish bias in this chart.

• The MACD is showing a strong downward bent with a negative histogram.
  
• The RSI is performing what tourists call "scuba-diving", it is crashing down, below 50 with bearish momentum growing.
  

Everything points down and we had a very strong negative candle 27-July when the latest peak was hit.

The weekly also looks pretty ugly.
Here is the chart:

We have a rising wedge and last session being fully red.
MA200 moving up means that the SPX will be moving down.

Conclusion

It should be a strong, fast crash.
Maybe it will last for months, 2-3 months?

Your guess is as good as mine.

Remember to boost and like.

Thanks a lot for your support.

Namaste.

Aug 17, 2023

Note

Definitely crashing but taking Crypto down with it... Prepare to be surprised, Bitcoin will soon completely detach from the (SPX) stock market.