Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 695.41

+0.5%

Feb 2 4:00 PM EST

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GoodGord

To: GROUND ZERO™ who wrote (137550)	2/3/2020 4:51:25 PM
From: Hawkmoon	2 Recommendations Read Replies (1) of 222795

Every once in awhile I take a gander at this long-term Quarterly chart of the SPX.. One thing I'm noticing is that those MACD uptrends are getting shorter and shorter with each iteration.. And of course, each time those upper Bollinger Bands get tapped, it's usually time for a big pull back.. And the stochastic flipped downward.. This makes me tend to believe we're at, or very near, the top, and every rally may turn into a selling opportunity. Could be that this Wuhan virus is just the Black Swan event to trigger some a retreat.. bigcharts.marketwatch.com Hawk

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