milanjelic

S&P 500 short position/SPX SELL and DROP=SHORT

Short
TVC:SPX   S&P 500
SPX shows signs of serious weakness having on mind technical side of the story.

TECHNICAL PART:

- DAILY MACD BEARISH
-WEEKLY MACD BEARISH

-DAILY STOCH RSI BEARISH.
-WEEKLY STOCK RSI BEARISH

From technical side i don't have doubts that stock market will experience one more crash which will be followed by inflation of USD towards 1,26 and 1,35 instance over EUR.

From fundamental side, S&P 500 had three technical years historticaly (continual growth since 2008-nowdays) followed by a big crash on January 30.th when index fell from 3400-2200 index points.


THATS 12 YEARS OF CONTINUAL GROWTH APROXIMATELY, since 1 technological year equates to 4-5 calendar years.

USD MADE TRIPLE JUMP IN TECHNOLOGICAL SECTION BRINGING TECHNOLOGY to 5 NM.
THEREFORE, I DO EXPECT SIMULATIOUS DROP ON NDAQ AND DJI.

Now, after this " butterfly pattern" manifests, index of this unsustainable price will bring #SPX index to 2400 points and lower levels including very top of it at 1867 level.
GERMAN ECONOMY WILL FOLLOW, I've stated it in the other chart of mine :

CLEAR YOUR POSITIONS.

Cheers

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