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What to make of the S&P? by knircky

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spx · @knircky ·
$5.55
What to make of the S&P?
![s&p.JPG](https://cdn.steemitimages.com/DQmayi5Uc2QjtcBYxWMBDapPahbJvLsJUkV454zCyz8kqu9/s&p.JPG)

The S&P looks kinda bad. It really has to break ATHs. I am not sure how common a tripple top really is, but there are some other indications that make me worried about the stock market in general.

1. The RSI bearish divergence is still in play. RSI has been forming a downtrend starting Jan 2018 and this is still intact.

2. Stoch on daily and weekly  is oversold (though weekly not too strong yet, but still turning

3. MAC seems to be turning 

All this is irrelevant if price breaks the ATH though. If we don't however it will look bad.

![divergence.JPG](https://cdn.steemitimages.com/DQmXYYpSjBgub7J5oRcnoqKyZfxrhwhUvKUTtVqPvpbSMnj/divergence.JPG)



<center>![seperator-02.png](https://cdn.steemitimages.com/DQmcFU3VyNobrX1hikJ7ggtEqgkMypdDe7RN8GKFeGDZpxH/seperator-02.png)</center>

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<center>![seperator-02.png](https://cdn.steemitimages.com/DQmcFU3VyNobrX1hikJ7ggtEqgkMypdDe7RN8GKFeGDZpxH/seperator-02.png)</center>

<center>![heading.png](https://cdn.steemitimages.com/DQmSRphxKhWyi5k3VtRK9ozsbawjT88wkzMGWXXtBjNBg8P/heading.png)</center>

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vote details (85)
@diogosantos · 
It´s going down and these are also good news for crypto!
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@mawit07 · 
The obvious is sometimes the opposite. Shorts got burned since the beginning of the year and somewhat now versus a month ago. one big news or tweet from the president could pop the market.
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@steem-plus ·
SteemPlus upvote
Hi, @knircky!

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