SPX Decline Just Started!

SmartReversals
12-10

$.SPX(.SPX)$ - As anticipated last Friday, there were signs of a top considering the candle, the bearish Stochastic crossover, and the price action curling down as the blue arrows compare during previous consolidations.

Interestingly, the 5DMA was breached, and the 10DMA has not provided support during the last months, so most likely this decline should visit the 20DMA at least.

The Stochastic suggests this move has just started.

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In the past three months, central banks around the globe have implemented 62 rate cuts, marking the highest frequency since the Covid crisis.

Expect further adjustments next week from the Fed, the ECB, and the BoC.

$SPDR S&P 500 ETF Trust(SPY)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $iShares Russell 2000 ETF(IWM)$

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Comments

  • NeedMoneyPls
    12-10
    NeedMoneyPls
    nice! YOLO life savings on PUTS
    • Stoid: 
      But the market keeps going up - it’s a NWO so hopefully you have those LS puts on ice with long term expiration dates as I’m in a similar position and time is killin me 🛟☠️🍀
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