krisu619

MACD sell signal FIRST TIME SINCE THE BIG DROP IN MARCH!!!

Short
SP:SPX   S&P 500 Index
MACD has been giving very good signals during the COVID-19, advising to sell S&P 500 juts at the right time in February and to buy at a good time in March. However, now the signal is to sell!

This is well aligned with my last post concentrating on the Fibonacci Retracement level of 61.8% as resistance (and some fundamental analysis in the description).

It seems to be just a matter of time until the next drop hits hard.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.