Has SP500 reached the top
When will the current uptrend stop ? Have we reached the top now or will SP500 continue to climb ?
Right now, we see some signs, that could indicate an end of the crazy uptrend we have experienced for the last 8 years.
First the gab between the price and Moving Average 200, also known as MA200 has never been higher than now. The last time, we experienced a large gap was back in 2009. In 2009 we had a gap of aprox. 562 points and now we have aprox. 685 points gap from price to MA200.
Futhermore back in 2009 we had a historical low MACD signal line just before the price started to rise. Now we have the opposite situation, where we see a historical high value of MACD signal line. These indicators is telling us, that we are at a crucial stage and time.
It does not mean, that we will see SP500 index fall down, but it give us an indication of something might happen soon.
We advise to trade carefull on the US marked or even reduce some of your long positions.