Jump to content



Photo

Correction or else...for the spx?


  • Please log in to reply
1 reply to this topic

#1 andr99

andr99

    Member

  • Traders-Talk User
  • 7,422 posts

Posted 22 December 2018 - 04:46 AM

https://postimg.cc/7J95TVHZ

 

difficult to believe the nine years old bull market is actually over. What I can see is a lower possible target to 2320 and the bull would still be intact. Although 

the weekly 13 period exponential moving average has crossed below the 50 period exponential moving average and we also have a h&s pattern in action, the bull is over only if we break below that dynamic trend line which has supported the spx price for nine years.


Edited by andr99, 22 December 2018 - 04:55 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#2 beta

beta

    lasergirl

  • TT Patron+
  • 4,083 posts

Posted 22 December 2018 - 02:02 PM

Try log scale, will show a different picture.   Weekly MACD divergence is telling, in either mode.


"Daytrading -- An Extreme Sport !"