Alligator Crossing On The S&P 500 E-Mini Futures Index
Further to my post of June 22 with respect to the SPX, I'd just mention that the three moving averages (each offset into the future) forming the Williams Alligator on its counterpart S&P 500 E-mini Futures Index (ES) have all crossed to the downside, as shown on the following daily chart.
As well, the Awesome Oscillator has just turned negative in Sunday's overnight trading.
Both of these are signaling potential further weakness ahead.
(Click on image to enlarge)
Price on the following SPX:VIX ratio chart has slipped below 100, once again.
It needs to retake and hold above 100, the RSI needs to rise and hold above 50, and MACD and PMO bullish crossovers need to reform to signal potential sustainable SPX strength.
So, keep an eye on whether these ratio parameters can manifest, together with a rally and hold of the ES above 3075, plus a reversal and uncrossing of the Alligator moving averages to the upside, along with a reversal and hold of the AO above the zero level.
Otherwise, we may see more SPX selling to retest its June low of 2965.66 or lower.
(Click on image to enlarge)
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I saw your ill-considered tweet about statues. Please think about this: if Russians were tearing down statues of Lenin, or Kruschev, or Putin, you think we would not be encouraging them to do so? But I gather your point is that the president is the president for white people, including dead white people, preferentially over living people.
Mr. Brown, I have since added 2 words in my post to make it clear I was talking about Russians attacking these things in America, NOT in Russia. And you do NOT have my permission to put words in my mouth which I clearly did not say in my post (re: your last sentence)...if I'd meant to say that, I would have said it, but I did not.