One requirement to substantiate the view that a large "B" wave has ended on the monthly S&P500 (cash) chart is to have a "sell" signal on the momentum technicals. Today's chart shows just that. Notice that the popular RSI (the top most indicator plotted) shows the indicator rising along with the monthly price bars. This is bullish. HOWEVER, another tool used to track momentum does not paint this picture (the other indicator plotted). This divergence is our required sell signal.
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