SPX - 50W Moving Average in Peril

Whats up Traders - As always, the explanation is on the chart.

Just some food for thought and concern. I am NOT the only one talking about this by a long shot.

Keeping an eye on things, and like most seasoned traders, We are trading with extreme caution right now

- - Macro Headwinds - -

China - Trade-war / Tariffs
November Election / Midterms
Saudi Arabia Political Nonsense
FED Interest Rates
Flattening Yield curve
Earnings Season - Seeing reduced outlooks by companies reporting so far.
End of the Year Profit Taking Season

I dont like it.