Potential top in SP500
(My previous published chart was hard to see. Here I fix that).
Analysis based on:
-Fibonacci retracements and time zones
-Divergence in RSI and MACD
-Wedging trend
-Possible cross of 20 MA under 40 MA
-Macro instability
Potential top in May and subsequent correction. Maybe the great expected one?
Analysis based on:
-Fibonacci retracements and time zones
-Divergence in RSI and MACD
-Wedging trend
-Possible cross of 20 MA under 40 MA
-Macro instability
Potential top in May and subsequent correction. Maybe the great expected one?
Trade active
We are close to a triple top. Then, the abyss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.