Potential S&P500 Crash: Momentum Change
Here momentum has switched according to the ribbon EMA, this has not been broken since January 2016 before this tremendous run.
On the 1 day we are seeing a price structure reversal, with lower highs and lower lows being formed on the short term price action.
The key support level is 2580, if this is broken- all bets are off and the run is potentially over.
Not financial advice, just an idea.
On the 1 day we are seeing a price structure reversal, with lower highs and lower lows being formed on the short term price action.
The key support level is 2580, if this is broken- all bets are off and the run is potentially over.
Not financial advice, just an idea.
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