SPX

The slow and gappy grind up taking place is a sign that a fast drop is coming. Almost daily, we are seeing price gap up and move sideways to down the rest of the day. This is a sign of exhaustion as buyers are not there to make it a breakaway/runaway gap. So right when the market opens it is done for the day (with boring price action the whole day). This is a sign of weakness because there is no upside momentum. Therefore, expect a big drop soon. The market is just waiting for the catalyst. It is likely going to be related to President Trump's impeachment hearing starting on Wednesday next week or something he (or his intentional friends) will say and/or do to distract and pull attention from the hearings (since things are not looking good for him on that front).
The charts are looking very bearish but bulls are still fighting. The catalyst will change all that in an instant because I believe it will happen suddenly and unexpectedly.

SPX-DAILY


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