So S&P 500 is not looking good on the weekly chart right now.
We got a bull run in 2020 up until 3600 and closed the candle with a long wick, which is bearish in my dictionary.
So if we start to correct right now, let's check the trend.
The Trend is broken by this week. It was not healthy as you can see. What says the indicators?
RSI is since 2018 in a bearish divergence to the actual price.
Macd is also interesting, we are days before a bearish crossing of both lines and as we all know, when the cross happens, the price is already down, so we must see in our crystal balls.
I also got for today my lovely Market Bottom Finder. As you can see the green shows the market on a volatility low end and you can see also macd and rsi showing the same things. A nice indicator to harden your buying intention. So as of now the indicators shows us low volatility, which means we are sitting at a beginning of a wonderful roller coaster.
Are you ready for the action? : )
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Disclaimer
In the context of this website and our advice, neither investment recommendations nor financial services in the sense of the legal provisions are provided. The purpose and content of these consultations are to provide the adviser with information and thus to be able to make decisions independently and without outside help. If a business registration is necessary, it will be carried out by the adviser himself. He is also responsible for the taxation of his profits. No liability is assumed in this regard.
We got a bull run in 2020 up until 3600 and closed the candle with a long wick, which is bearish in my dictionary.
So if we start to correct right now, let's check the trend.
The Trend is broken by this week. It was not healthy as you can see. What says the indicators?
RSI is since 2018 in a bearish divergence to the actual price.
Macd is also interesting, we are days before a bearish crossing of both lines and as we all know, when the cross happens, the price is already down, so we must see in our crystal balls.
I also got for today my lovely Market Bottom Finder. As you can see the green shows the market on a volatility low end and you can see also macd and rsi showing the same things. A nice indicator to harden your buying intention. So as of now the indicators shows us low volatility, which means we are sitting at a beginning of a wonderful roller coaster.
Are you ready for the action? : )
_________________________
Disclaimer
In the context of this website and our advice, neither investment recommendations nor financial services in the sense of the legal provisions are provided. The purpose and content of these consultations are to provide the adviser with information and thus to be able to make decisions independently and without outside help. If a business registration is necessary, it will be carried out by the adviser himself. He is also responsible for the taxation of his profits. No liability is assumed in this regard.
