the infamous “ death cross” has’nt even happened yet where the 50 dma crosses below the 200 dma. This will get worse and we all know it. This was a classic Black Swan event.
its because the market was so ridiculously overbought that it had a long way to go just to fall back into the middle of the S&P channel. It is trading somewhere around reasonable now.
Still hasnt crossed. When the 50 day average falls below the 200 day moving average, we will be much closer to a bottom. There was also a screaming negative divergence on the s&p’s recent high last month.
man, there is a loooong way ahead of you to be...profitable actually, everybody in this TA section should check the term : PAREIDOLIA.. i'am here for fun only