SPX Daily Chart Displays Negative Divergence Smackdowns

The teal negative divergence spank down occurs as forecasted by Keystone. In fact, note each negative divergence top called along the way as the overall rolling top finally tumbled over. It is pointless to fight overbot conditions with rising wedges and negative divergence; price will receive a smack down every time. This chart clearly illustrates the superiority of technical analysis over fundamental analysis. You can crunch the numbers over and over, calculate the PE's, study cash flow and other accounting metrics, but the charts always have everything known up to the minute built into the chart.

Note the consistently lower volume participation since last Fall as the smart money verbally pumps the markets in the media while at the same time pawning shares off on Ma and Pa investor that serve as bag holders. Large selling volume candles appearing after buy candles verify the distribution taking place as the rolling top was formed.  Lower prices are expected moving forward as the lower lows in the indicators forecast.  This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.