Ominous signs

 

Further to what I shared Friday,  Let me share more warning signs.

Here are the two charts, which makes the market in a rather precarious situation, vulnerable to a sudden waterfall type of plunge at any moment.  

And then here is another bearish setup for S&P, which could lead to a 20% crash from the current level, if the pattern plays out as it is showing. This means it is not out of norm for S&P moves down towards the 3300 level in the weeks ahead. Is there any certainty for that? Definitely not but it is a good probability based on the bearish TA setup.

 

Don't tell me you are not warned, if you have the habit of chasing or FOMO!  

 

Don't tell me you are not warned, if you have the habit of chasing or FOMO!