The S&P 500's weekly momentum has hardly appeared bearish over the past 2-years. That was until now. Both the weekly MACD and Stochastic are indicating the change to INCREASINGLY BEARISH weekly momentum conditions shortly. Once confirmed, PA should head lower over the next several weeks. IMHO..
The MACD appears likely to form a bearish down-cross by week-end. Probable first signal of INCREASINGLY BEARISH weekly momentum conditions. The Stochastic appears likely to form a bearish lower-high by week-end. Should become overbought on a down-cross of the 80.0 line next week, confirming INCREASINGLY BEARISH momentum conditions.
Congratulations @jagstertrading! You have received a personal award!
Click on the badge to view your own Board of Honor on SteemitBoard.
Congratulations @jagstertrading! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Congratulations @jagstertrading! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 50 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPSupport the HiveBuzz project. Vote for our proposal!