SPX Faces Bearish Perfect Storm

SmartReversals
03-29

$S&P 500(.SPX)$ : Imminent Bearish MACD Crossover on the Monthly, and the RSI divergence adds warning signs to the picture. Two ingredients for the last three bear markets.

Is there any reason to expect something different?

➡️This chart has been carefully studied since January, follow along to navigate the turbulence.

$Cboe Volatility Index(VIX)$ $iShares Russell 2000 ETF(IWM)$ $Invesco QQQ(QQQ)$

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$SPDR S&P 500 ETF Trust(SPY)$ : The daily chart lacks immediate support, aside from the low-volume shelf where price briefly paused today.

Despite this, the strong bearish candle suggests continuation; a likely test of the lower Bollinger Band, consistent with a [painful] bullish RSI divergence.

Lower high is coming, see the monthly chart previously posted.

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PS: Bear markets teach investors emotional resilience and the importance of a long-term perspective. Diversification helps mitigate risks, while maintaining cash allows for opportunities.

Investors reassess risk tolerance, learn from past mistakes, and understand the value of a solid strategy and community support.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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