SPY nears record high with double top setup in play. AI quant signals flip to neutral. Bearish engulfing candle appears again

SPY’s up. But internals are cracking. RSI over 80. Stochastic signals stalling. Price action’s heavy. Hedge funds dumped $60B in index exposure last week. Retail’s still chasing. Fed’s rate cut already priced in. No upside surprise left. One of the most predictable U-turn points in the market is when the price approaches a previous all-time …

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Extreme greed often triggers market pullbacks; $SPX futures show a bearish engulfing candle.

Extremely greed typically leads to market pullbacks That’s exactly the situation we are in right now Extremely greed typically leads to market pullbacks That’s exactly the situation we are in right now pic.twitter.com/4qZNhupyvN — Bravos Research (@bravosresearch) October 26, 2024 $VIX broke out of the wedge yesterday. Just more proof they're repeating the same 2020 …

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The S&P 500’s price to peak earnings ratio has soared to 25.9, the highest since 2000…. Nasdaq: Large Engulfing candle, followed by a falling window.

The S&P 500's price to peak earnings ratio has moved up to 25.9, its highest level since 2000 and 50% above the historical median. $SPXhttps://t.co/l5IYmkf6Ih pic.twitter.com/DFI74St163 — Charlie Bilello (@charliebilello) July 17, 2024 Nasdaq Large Engulfing candle, followed by a falling window 2 major warnings🚨 Engulfing is a bearish trend reversal candle. Falling window is …

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