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SPX WEEKLY CHART - MUST SEE!
MEMBERS check our predictions on THIS ONE , Just one of our charts we have posted in our VIP ELITE GROUP!!
With problems in Syria and now NORTH KOREA as the main headline news investors are taking a step back. You can see that we have drawn major happenings on the SPX chart....
1- We are now in a major upwards channel on the SPX weekly chart. This is continuing with upper resistance met in mid FEB 2017, we are now starting to meet sell demand.
2- Importantly we see the MACD indicators now starting to roll over to a sell signal, which could be signalling more of a overall bearish tone, and its a warning that we could experience more selling off on the market, in the next few weeks. So far the market is holding well, and we are clawing sideways to down, but with fresh news out of Korea over the easter break there seems to be more tension under the surface of the market, and investors are still skittish and nervous.
Here is the chart....
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