Fearing an upcoming crash / correction I've been looking at all the key indexes etc, and this was one of my earlier explorations using Fibonacci.
I look at this chart with a large pinch of salt, more a fascinating oddity than something scientific (maybe!), but I do find all the correlations very interesting.
Ultimately this connects well with my Vix & Gold charts...
Yesterday the S&P 500 Index (SPX) dropped and closed below EMA10 which is an indicator that marks strong support for this index. Trading below it gives it bearish potential.
Today, the SPX tried to move up and was quickly rejected on growing bear volume. We believe this can go much lower.
You can see all the signals and details of this drop before it happened...
The S&P 500 Index (SPX500USD) has reached a new all-time high while weakness signals continue to pop up all over the place.
The MACD continues descending and going lower:
Bearish divergence is now showing on the RSI from the 23rd to the 29th April, marked with a blue arrow...
![SPX500USD: S&P 500 Index Drops Below Support (Is This It?)[UK]](https://s3.tradingview.com/y/YRsRWmAb_mid.png "S&P 500 Index Drops Below Support (Is This It?)[UK]")
