Sp500 dropped significantly last in the last 4 weeks losing almost 10% from the historical high.
It is pretty interesting to see what is gonna happen in next few weeks. The index has taken out the master TL + we are 1000pips below 200 EMA + we have got possible HUGE monthly OB with beautiful bearish div that is HUGE signal for a possible bearish market to begin.
TA is showing us back to Master TL and retest so we expect market to drop lower.
If FED invisible hand does not react quickly market will finally correct to its fair value.
It is pretty interesting to see what is gonna happen in next few weeks. The index has taken out the master TL + we are 1000pips below 200 EMA + we have got possible HUGE monthly OB with beautiful bearish div that is HUGE signal for a possible bearish market to begin.
TA is showing us back to Master TL and retest so we expect market to drop lower.
If FED invisible hand does not react quickly market will finally correct to its fair value.