Pineapple9526

SPX Risk Reward favors down side

Short
SP:SPX   S&P 500 Index
Incredible liquidity driven BTFD rally coming to the major resistance.

  • VIX term structure indi shows complacency in the market, super contango structure with spread ranking 90%+ in past 200 days.
    Setiment indis show greedy towards extreme.
    Speculative names peaked before the index (none profitable dream companies)
    Multi-timeframe divergence signal detected, momentum slows down.
    SPX near major pivot levels, shown in fib zones.
    RR favors downside, at least a deeper pull back warranted.

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