Bears still in full control - don't get fooled by that December "new high" trickery. We tagged 6945 ATH briefly, but momentum faded fast, and the close told the real story.
Daily: Price dipped to the 100D MA (purple line ~6686), bounced to retest October highs ~6922, but couldn't hold. Lost the 20D MA decisively, bears pushing for a retest of the 50D at ~6802, or even back down to the 100D support. Weak reversals screaming distribution.
Weekly: Massive unresolved bearish divergence across all 3 momentum indicators (RSI, MACD, Stoch) price hit new highs, but oscillators refused to confirm. Each week without a strong close above 6922 hands more power to bears. Looking for a flush to ~6100 to back test old resistance near the 50W MA. Bulls need consecutive higher highs/closes to kill this risk... but it's not happening.
Monthly: No full bearish engulfing, but close enough November printed a bearish hanging man closing ~6848 (above October), yet December traded to new ATH only to reject and close lower at ~6845. That makes November's candle the one to beat.
Bears remain in charge; bulls must print a convincing new ATH and close above November's body to flip the script. Fail that, and weekly weakness spills over straight shot to 6100 zone.
#CNBC talking heads and fund managers can spin all they want, but the charts are flashing major warning signs. Same setup I spotted for the
BTC top, now playing out on 
SPX Structure weakening fast. Keep an eye on this because bears are dictating pace. 
SPY
Daily: Price dipped to the 100D MA (purple line ~6686), bounced to retest October highs ~6922, but couldn't hold. Lost the 20D MA decisively, bears pushing for a retest of the 50D at ~6802, or even back down to the 100D support. Weak reversals screaming distribution.
Weekly: Massive unresolved bearish divergence across all 3 momentum indicators (RSI, MACD, Stoch) price hit new highs, but oscillators refused to confirm. Each week without a strong close above 6922 hands more power to bears. Looking for a flush to ~6100 to back test old resistance near the 50W MA. Bulls need consecutive higher highs/closes to kill this risk... but it's not happening.
Monthly: No full bearish engulfing, but close enough November printed a bearish hanging man closing ~6848 (above October), yet December traded to new ATH only to reject and close lower at ~6845. That makes November's candle the one to beat.
Bears remain in charge; bulls must print a convincing new ATH and close above November's body to flip the script. Fail that, and weekly weakness spills over straight shot to 6100 zone.
#CNBC talking heads and fund managers can spin all they want, but the charts are flashing major warning signs. Same setup I spotted for the
BTC top, now playing out on SPX Structure weakening fast. Keep an eye on this because bears are dictating pace. SPY
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.