On 12/29/17 the SPX began a rapid 7.4% rally that lasted 18 trading days. What followed was a 11% micro crash.
On 03/25/21 the SPX began a rapid 8.7% advance that has so far lasted 15 trading days.
Stochastic RSI is a sensitive momentum indicator, it now has a bearish divergence.
Late April to early May is the beginning of a seasonal bearish period that lasts until October.
Margin Debt for US stocks is at an all-time high denoting extreme bullish sentiment.
The Elliott wave count shows that five intermediate degree waves up from the March 2020 could be complete or very close to completion.
A micro crash could be imminent.
On 03/25/21 the SPX began a rapid 8.7% advance that has so far lasted 15 trading days.
Stochastic RSI is a sensitive momentum indicator, it now has a bearish divergence.
Late April to early May is the beginning of a seasonal bearish period that lasts until October.
Margin Debt for US stocks is at an all-time high denoting extreme bullish sentiment.
The Elliott wave count shows that five intermediate degree waves up from the March 2020 could be complete or very close to completion.
A micro crash could be imminent.
Kommentera:
There's a typo on the chart the date should be 03/09/20 to 04/16/21