SPX Triple Top - See that little yellow box on RSI? That's one of my top calling secrets. Work that with the MACD Histogram divergence and the ROC double divergence and you get the real story.
And another view - Negative or positive divergences never lie. You just have to have the patience to wait them out. This chart shows the particular illness that underlies this market. It is an undeniable weakness that is covered up via Fed policies. Price is running on fumes in overthrow mode right now. The stuff pure fantasy is made of.
And another - And throw cycles into the mix to get "the rest of the story." Like that target box? When the Fed lets go that could prove to actually be conservative.
And across all the major spectrums - A slightly adjusted (newer) cycle sequence than above.
Enjoy the weekend.
GL and GB!
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