Monthly Chart: To face negative devergences even if rising above record high of 4818.
Weekly Chart: Comparing current negative divergences with those in Jan 2022 record high of 4818, what will happen next? Seems obvious for me.
Daily Chart: Comparing current negative divergences with those in Jan 2022 record high of 4818, what will happen next? 4 of 6 indicators have diverged with prices, 2 of 6 forecast to do so as well. mmm,,,
Forecast Track Records
1. Correct forecast of important bottom at around 27 Oct 2023.
Negative divergence means prices produce higher highs but techni
cal indicators fail to match with prices to show similar higher highs pattern; instead, they show lower highs, which is a significant signal to imply that the intrinsic strength/momentum of the market is weakening, and market reversal is likely to happen. Usually, MACD and RSI diverging with prices is sufficient to indicate an impending market correction. Pls refer the indicators behavious in Jan 2022, you will understand more. It is almost certain that a major correction is coming by just seeing the negatively diverging technical indicatiors appeared in the SPX 500 the weekly chart in Dec 2023.
Monthly Chart: To face negative devergences even if rising above record high of 4818.
Weekly Chart: Comparing current negative divergences with those in Jan 2022 record high of 4818, what will happen next? Seems obvious for me.
Daily Chart: Comparing current negative divergences with those in Jan 2022 record high of 4818, what will happen next? 4 of 6 indicators have diverged with prices, 2 of 6 forecast to do so as well. mmm,,,
Forecast Track Records
1. Correct forecast of important bottom at around 27 Oct 2023.
SPX500 Chart: Evident positive divergences . You know what - justbuy168发表于 大千股坛 - 论坛 | 文学城 (wenxuecity.com)
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Unable to confirm fully currently, awaiting MACD and RSI divergencies with prices.
cal indicators fail to match with prices to show similar higher highs pattern; instead, they show lower highs, which is a significant signal to imply that the intrinsic strength/momentum of the market is weakening, and market reversal is likely to happen. Usually, MACD and RSI diverging with prices is sufficient to indicate an impending market correction. Pls refer the indicators behavious in Jan 2022, you will understand more. It is almost certain that a major correction is coming by just seeing the negatively diverging technical indicatiors appeared in the SPX 500 the weekly chart in Dec 2023.