S&P 500 Index (SPX) Crash Getting Closer

Nothing has changed from my last update, the S&P 500 Index (SPX) continues on track to breakdown... This index will crash.

Last time we looked at past history and divergence to "predict" this upcoming drop. Today, we are going to be looking at the MACD.

Here is a screenshot:

• First we have the histogram going in favor of the bears. You can see it changing from green to red.
  
• The next signal is the bearish crossover. See the MACD line crossing down the signal line. This is a bearish signal.
  

The above signals only add up to our previous analysis. I believe that the S&P 500 Index (SPX) will crash.

Conditions for change: For this analysis to be invalidated, the SPX needs to continue moving up and break above its all time high.

What's your take on the S&P 500 Index?

Share your thoughts in the comments section below.

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Namaste.

Comment:

Previous analysis:

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EMA10 now being challenged.

MACD histogram going in favor of the bears.

RSI is trending down now.

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Still bearish, triple top now in place.

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Latest update: