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Thursday, February 21, 2019
S & P 500 - Price Action Is Consistent . Expect A Correction Soon!
S & P Price Action since Oct 18 has not change after falling below the 200 MA it managed to roll back again with a 1.5 to 2 % premium to the 200 days MA before rolling over again with the respective discount at 5% Oct , 4.5% in Nov and 15% in Dec 18. Currently the S&P is 1.3% premium above the 200 days MA just below the overhead resistance at 2823. As long as price stay below this level , sifu expect a correction between 5 to 7% in the short term.