Last time we looked at past history and divergence to "predict" this upcoming drop . Today, we are going to be looking at the .
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 crossover. See the line crossing down the signal line. This is a 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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MACD histogram going in favor of the bears.
RSI is trending down now.
Just mentioned the triple top here:
It hasn't crashed but it isn't moving up either.
Give it time and you will see.
Thanks for the comment.