We explain 2 bearish signals that surely will affect to the SP500 in the next weeks and months.
Please take a look to this chart, this is the Standard & Poors 500 vs % of S&P 500 Stocks Above 200-Day Moving Average.
As you can see the #SP500 is in its higher highs ( black line of the chart) but the % of S&P 500 Stocks Above 200-Day Moving Average (green line) is unable to do its higher highs and is below the 2 previous highs.
Not to good.
On other hand, this is the FEAR and GREED index of CNN:
Two bearish signals or indicators to be, al least, aware of.
Get out of the closet and dust off your red jackets.
Good luck and nice trading.