☠️ Cross of Death confirmed on $SPX.
Last 4 times this printed, the market bled.
20SMA just crossed below the 200SMA on $SPX.
Last 4 times this happened:
→ 2018: Market dropped another 15%
→ 2020: Market dropped another 20%
→ 2022: Market dropped another 25%
→ 2023: Market dropped another 12%
Every. Single. Time.
RSI is at 46. Not oversold at all.
That means more room to fall.
The (B) wave bounce is happening right now.
Don’t mistake it for a bottom.
The real bottom isn’t here yet.
-BP
Note: This is NOT financial advice.
