S&P 500 IndexShort
📈 The S&P 500 Hits A New All-Time High; Prepare For The Crash
➖ The S&P 500 Index (SPX) hit an All-Time High the 12th of February 2024. The session ended red and as a negative candlestick pattern.
➖ On the 16th of February we have another bearish session that ended as a lower high.
➖ This Monday starts red with the index moving below EMA10. This is matched by a strong bearish divergence with the RSI.
➖ Finally, we can see a rounded top pattern...
👉 The TOP is in —prepare for the crash.
The ensuing crash is a classic correction as the market moves in cycles; It goes up and down.
After the down-wave, the SPX will resume growing like clockwork.
Thank you for reading.
Namaste.
➖ On the 16th of February we have another bearish session that ended as a lower high.
➖ This Monday starts red with the index moving below EMA10. This is matched by a strong bearish divergence with the RSI.
➖ Finally, we can see a rounded top pattern...
👉 The TOP is in —prepare for the crash.
The ensuing crash is a classic correction as the market moves in cycles; It goes up and down.
After the down-wave, the SPX will resume growing like clockwork.
Thank you for reading.
Namaste.
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