BULL WANDERING INTO A BEAR DEN

Von gghsusa
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PRICE vs MOMENTUM forming a compression divergence. Notice the lower indicator and the trend on both sides. Price has been broadening the last few years while momentum/strength has been compressing. This is a hidden bull diverging into a massive bear divergence with the potential for a 3x touch here soon. Hidden divergences are historically weaker than regular divergences so the odds are in the bear's favor. We'll just have to see which one the CB's are rooting for.
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This is the dow futures- I find a little more accuracy when charting futures Snapshot
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NYSE composite index showing similar bearish overhead Snapshot
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On this renko chart, I have another warning signal that could trigger.. pivotal moment here where the market will break down or up hard soon based on whether this scenario plays out. Can you look at this chart and see what I see? Snapshot
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I'm watching this put/call ratio on s&p There is certainly a chance that prices turn down here and we should see that reflected here in the p:c ratio by this average going up quickly. This would make sense to happen in this zone: Snapshot
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es1! 60 min candles Snapshot
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This is concerning.. We're potentially on the brink here. However, these are weekly candles.. we could creep through December with no changes until January but something could also happen suddenly.. yikes. Snapshot
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heads up- I see the potential for a quick drop here. It's possible a short term top was put in.. I'm not sure if the major pivot top was hit yet.. I doubt that. I'll share this chart but it may not make any sense to you. I have some of my own indicators on there that will probably confuse you Snapshot
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hmm. is that it? I was hoping for a little higher. Dow did touch 30k so that's interesting. Snapshot
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nasdaq, yeah this looks healthy.. Too many new people piling in the market 'buying the dip'... What's the matter, you don't see a dip? Of course there's a dip.. Snapshot
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We're below the apex of this wedge.. this is resistance and this rally could be a sucker's rally. I'm expecting and hoping for more downside. Too much new money buying every little dip.. just feels like people are about to get flushed. I can be wrong but I know how this game often works Snapshot
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my target was tagged. Now it's about to get VERY interesting. Price can collapse or it can break upward. This is a massive bear divergence but I don't have confirmation. This week and this month are so important to knowing price direction Snapshot
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I wanted to point this out on the daily chart. This is critical.. If price respects this divergence, this could signal that weekly bear divergence as well. It's in the confirmation zone. These divergences can also break with price going right through them.. I'm ready for that too Snapshot
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splitting hairs here! Snapshot
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Critical week! Take note of the arrow. We need to see a red candle and a lot of volatility to convince me that the bear will win. If price breaks above and we print a green weekly, it could be ridiculously bullish. My preference is a bearish move with a nice correction over the next month or two. But what I want is irrelevant. I must try to interpret the data as it prints.

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I've been warning you. Now let's see what happens. How serious is this? Snapshot
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