MEJT stock market forecast for 27 MAY 2019... strong gap up on Tuesday?

[youtube https://www.youtube.com/watch?v=oEKwF6EFzPw]

A gap up scenario is possible but I'm pretty sure that it would be short lived.
We could have a dead cat bounce up to test the TD trend-line (previous support on daily chart) and then turnaround and  dive below 2800!
Risk Off!
Do not make mistakes, lower lows on daily chart are expected.

Having said that, I still believe we will move higher into the new moon around June 3th !

Prepare for some rock and roll market moves 😉 

MEJT stock market forecast for 27 MAY 2019... strong gap up on Tuesday?

A gap up scenario is possible but I'm pretty sure that it would be short lived.
We could have a dead cat bounce up to test the TD trend-line (previous support on daily chart) and then turnaround and  dive below 2800!
Risk Off!
Do not make mistakes, lower lows on daily chart are expected.

Having said that, I still believe we will move higher into the new moon around June 3th !

Prepare for some rock and roll market moves 😉 

Hidden Bearish Divergence on the #SPX, S&P500 index

Hidden Bearish Divergence

The S&P 500 has  in addition to all the recently mentioned sell signals a hidden bearish divergence on the 4 hour chart. This sell signal has high reliability status.

The 4 hour SPX chart below shows clearly a sell signal as the oscillator makes a new higher high while price makes a lower low.

TD trend-line shows also a projected price target down at 2888 SPX cash!

Happy trading ;o

Hidden Bearish Divergence on the #SPX, S&P500 index

Hidden Bearish Divergence

The S&P 500 has  in addition to all the recently mentioned sell signals a hidden bearish divergence on the 4 hour chart. This sell signal has high reliability status.

The 4 hour SPX chart below shows clearly a sell signal as the oscillator makes a new higher high while price makes a lower low.

TD trend-line shows also a projected price target down at 2888 SPX cash!

Happy trading ;o