At least on the basis of raw RSI divergence: the SPX looks like it's about to fall. Hugely.
1) Currently testing resistance-turned-support at 3300
2) Enormous, aforementioned RSI divergence visible on the monthly
3) Gigantic symmetrical broadening wedge pattern puts target at approximately 2250. (33.3% fall from here).
I know. Sounds... big. But admit it, it could happen.
Stimulus from US Congress ain't happening. And consider the Federal Reserve is basically out of bullets at this point (with the exception of Negative Interest Rates, and directly buying stocks from US companies). So they may not be able to stop this fall.
1) Currently testing resistance-turned-support at 3300
2) Enormous, aforementioned RSI divergence visible on the monthly
3) Gigantic symmetrical broadening wedge pattern puts target at approximately 2250. (33.3% fall from here).
I know. Sounds... big. But admit it, it could happen.
Stimulus from US Congress ain't happening. And consider the Federal Reserve is basically out of bullets at this point (with the exception of Negative Interest Rates, and directly buying stocks from US companies). So they may not be able to stop this fall.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
