S&P 500

4 Apr 2019 ‚óŹ 07:23 AM

The S&P index has formed a ending diagonal with a lower high in sentiment at 85% bullish v/s 91% bullish at the wave c high. A negative divergence. The indications are that S&P is set up for a decline from here. The Nasdaq too is even more extreme reading 91% yesterday v/s 95% at the previous high. These extremes indicate a trend at its end rather than beginning near term.

snp 040419

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