Is the S&P500 overrated on this moment? Maby DB has influence..

Maby there is coming a very hard fall in the S&P500 soon, but why?
If we look our graph were i plot GOLD, DB (deutsche bank) and the S&P500. We can make a prediction of the S&P500 based on deutsche bank.
Deutsche bank is crashing hard last time with company results. And if we look at our figure we can understand that the S&P500 is in a bullmarket and also correlated to DB. We also known that there are into the S&P500 a lot financial institutes that really affects the stockprice of DB.

If we make a prediction about the S&P500 we can say three things:
- MACD and MACD-signal will cross each other, were we go under zero (this means a sell signal)
- RSI is to high for a to long period (this means a sell signal)
- Bollinger bands are highly in volatility (there could be happen something negative or positive)
- MA will crosses under the Basis of the Bollinger bands (this means a sell signal)
- DB is correlated to S&P500, Gold is oppositing them

Information derived from Bloomberg, ING TA-FA
correlationdeutschebankGoldtechnical_analysis

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