I have had a bearish outlook on the S&P 500 for a while. And now we have two bearish harmonic patterns, complementing each other. We have the bearish butterfly pattern and the bearish crab pattern. We also have the massive bearish divergence on the RSI. It seems this bull market is running out of steam and a correction might be coming soon.
I was looking at a similar emerging crab.. no telling when, but it is pretty obvious the S&P will be ending it's bull run very soon. Bearish divergence indeed. Similar to BTC
KatlehoMaleka
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@AlphaFib, Yeah man, it's only a matter of time. I just don't know if it will just be a correction, or the start of a bear market, but this bull run is going to take a break. That bearish divergence is very convincing.