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Markets looking to be heading south?

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Penny_Pincher
Super Contributor
I notice on the S&P500 futures an imminent crossover between the 89 and 50 MA's. Both looking to be heading south. This charts indicate this to have happened previously in March 2001 and May 2008 with the consequences known. Not trying to call a top but if you accept markets work in cycles, that rounded top seems to be getting rounder and rounder.
1 REPLY 1
suki
Super Contributor
http://realinvestmentadvice.com/real-investment-daily/page/2/ check from 21 Dec post to present. you will see you are not alone.