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#SPX 1/∞
Infinite QE can& #39;t pump markets indefinitely. Macro fundamentals are as bad as it gets. Doesn& #39;t mean risk-on assets can& #39;t continue it& #39;s multi-year blow off top.
Cut the news/noise, look at the Yearly:
RSI is below support/bearish div since 1999. At least don& #39;t long yet
Infinite QE can& #39;t pump markets indefinitely. Macro fundamentals are as bad as it gets. Doesn& #39;t mean risk-on assets can& #39;t continue it& #39;s multi-year blow off top.
Cut the news/noise, look at the Yearly:
RSI is below support/bearish div since 1999. At least don& #39;t long yet
#SPX 2/∞
6 Months RSI prints even more bearish picture, with the same divergence, nice TL retest and M top formation
6 Months RSI prints even more bearish picture, with the same divergence, nice TL retest and M top formation
3/∞
3M RSI printed H&S with neckline currently tested from the bottom
3M MACD just crossed bearishly aligned with 1st red histogram tick (all unconfirmed, but still)
3M RSI printed H&S with neckline currently tested from the bottom
3M MACD just crossed bearishly aligned with 1st red histogram tick (all unconfirmed, but still)
