M top on SP500 confirmed on monthly timeframe when removing M2 (monetary inflation).
Previously happened during dot.com and subprime.
Localisation - at neckline and major resistance.
Momentum - Divergence on MACD & RSI, MACD cross 0 tb confirmed at march closing - MA cross usually happens after retest of neckline (tb monitored)
Structure - M TOP confirmed
Overall that's a really good short set up - which makes me think this is a bit scary here.
Not an investment advice but hedging here is really not a bad move. Trade carefully.
Previously happened during dot.com and subprime.
Localisation - at neckline and major resistance.
Momentum - Divergence on MACD & RSI, MACD cross 0 tb confirmed at march closing - MA cross usually happens after retest of neckline (tb monitored)
Structure - M TOP confirmed
Overall that's a really good short set up - which makes me think this is a bit scary here.
Not an investment advice but hedging here is really not a bad move. Trade carefully.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.