The SP500 doesn't look good. Many things are going on here:
1. The weekly candle closed below the resistance
2. Bearish divergence in short and long term with the RSI
3. It appears to be forming a HS pattern in the weekly timeframe. We will know for sure in a few weeks.
4. On top of that the FED announced the end of money "printing" by March.
5. Only the big cap stocks kept the SP500 going up. On the other hand there is bloodbath going on from months ago on growing stocks. Is just about days for the big cap stocks to join the bloody party.
1. The weekly candle closed below the resistance
2. Bearish divergence in short and long term with the RSI
3. It appears to be forming a HS pattern in the weekly timeframe. We will know for sure in a few weeks.
4. On top of that the FED announced the end of money "printing" by March.
5. Only the big cap stocks kept the SP500 going up. On the other hand there is bloodbath going on from months ago on growing stocks. Is just about days for the big cap stocks to join the bloody party.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.