Hello, everyone!
The largest risk is incoming for all markets – traditional, crypto and other. The euphoria on SPX is going to the end. I analyzed the weekly timeframe and found the strongest price reversal signal. We can see that the divergence with the MACD histogram began to form for a long time, but now the MACD almost flashed the signal to reverse: the divergence appeared even on MACD line. In this case we should wait for the first decreasing bar of the histogram and short the market. It can appears already on the next week. Be very careful!
Moreover the price is approaching the yearly R2 pivot. This is another evidence of the potential reverse!
