📈 The S&P 500 Hits A New All-Time High; Prepare For The Crash

20 Feb

➖ The S&P 500 Index (SPX) hit an All-Time High the 12th of February 2024. The session ended red and as a negative candlestick pattern.

➖ On the 16th of February we have another bearish session that ended as a lower high.

➖ This Monday starts red with the index moving below EMA10. This is matched by a strong bearish divergence with the RSI.

➖ Finally, we can see a rounded top pattern...

👉 The TOP is in —prepare for the crash.

The ensuing crash is a classic correction as the market moves in cycles; It goes up and down.
After the down-wave, the SPX will resume growing like clockwork.

Thank you for reading.

Namaste.