Looking into yet another week of the S&P500, the bearish bias is still there despite a slight push to the upside over the last weeks.
This inevitably has formed into a bearish divergence.
See the MACD panel where the histograms and the MACD signals are aligned in the bearish divergence.
The lower two panels are the Net non-commercial interest and the Top 8 traders Net positions... both of which are net short, and increasing so.
These indications suggest that the S&P500 is likely to be due for a pullback in January 2021.
Looka like it will be a surprise.
Get ready!
This inevitably has formed into a bearish divergence.
See the MACD panel where the histograms and the MACD signals are aligned in the bearish divergence.
The lower two panels are the Net non-commercial interest and the Top 8 traders Net positions... both of which are net short, and increasing so.
These indications suggest that the S&P500 is likely to be due for a pullback in January 2021.
Looka like it will be a surprise.
Get ready!
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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.
Penerbitan berkaitan
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.