Loading ...S&P Still Bullish
Repost of my 5/19 chart. Nothing bearish about this….above 20ema, bullish broadening wedge (similar to gold last December), and OBV is now at 20-yr high despite pattern not having broken out yet. No divergence, healthy internals, and healthy chart pattern. I don’t know why everyone wants to be short the SM right now.
By the way I see a typo on the chart. It should read “20ema needs to morph into resistance….”
The monthly MACD crossed down is probably the best argument for a down move with legs.
These moves are becoming more spasmic is another.