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Friday, October 16, 2020

S&P 500 Technical analysis. - Part 9















When is the time to sell?

Well, when there are at least 2 negative indicators appearing, then that will be the signal to sell.

The ellipse that I've drawn has 2 negative indicators.  The S&P closed below the 5-day SMA and the stochastics had a bearish crossover (black line < red line).

Furthermore, the bearish sentiment has appeared because the latest S&P index has crashed through the most recent candlestick gap.

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