S&P 500 Index Hits New All-Time High, Ready To Drop?

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The S&P 500 Index (SPCFD) hit a new all-time high last week at 3258.1... This is very likely to be the top.

  • Bearish divergence is visible with the MACD and RSI.
  • The bearish close for last week's candle always results in a drop for the SPX. Whenever you get one red candle after multiple green candles, the candle that follows is always a drop, this is what I see coming next.


    • Additional information can be gotten by looking at the daily timeframe where these signals are more pronounced, especially the bearish divergence.

      Let's see how the week starts for the S&P 500 Index (SPX/SPCFD). We are full bearish right now.

      Take a look at Gold (XAUUSD) pretty bold.
      Can Gold Go To $1600 In January 2020 Or Higher? Merry Gold!


      And my latest Bitcoin article below:
      BTC Weekly- EMA10/50 Bearish Cross- Long-Term Target At $48,0000


      Thanks a lot for reading.

      Namaste.
Note
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