The SPX prints a new all-time high at 3352.26 and new all-time closing high at 3352.09 on Monday, 2/10/20. Summon the dancing girls! The SPX daily chart prints the record high with universal negative divergence across all indicators (red lines). A spankdown is on tap on the daily basis.
However, the bulls created momentum in the last hour of trading so tomorrow morning will tell if they can squeeze out another day of bullish joy before the smackdown occurs.
The expectation is for the stock market to begin selling off now. If there is negative news overnight or some type of negative catalyst, stocks and futures will likely be flushed down the toilet quickly since it would kick the neggie d into high gear.
President Trump is yelling at Larry Kudlow telling him to come up with a positive news story for tomorrow morning so they can keep the stock market party going. Barring any happy talk, stocks are set to start tumbling lower. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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