S&P500 COULD BE DUE FOR A CORRECTION AS FAR AS SPX 3850. STOCHASTIC OSCILLATOR ALREADY SIGNAL A DOUBLE TOP WITH A POSSIBLE DRIFITING LOWER OF THE OSCILLATOR, SPARKING A SELL OFF, BOLLINGER BAND ALSO COULD PROVIDE A POSSIBLE SELL SIGNAL WITHT A RETRACEMENT TO THE LOWER BAND.
EUROSTOXX50 ALSO COULD BE DUE FOR A SELL OFF WITH THE INDEX DRIFTING LOWER TO 3750. THE BOLLING BAND INDICATOR HAS ALREADY PROVIDED A DRIFTING LOWER OF THE TRENDLINE, THE RSI OSCILLATOR IN OVERBOUGHT LEVELS COULD ALSO SPARK A DRIFT LOWER.
EEM iShare Emerging Markets ETF chart provides consistent bearish technicals with and Head&Shoulder and a Double Top pattern, where confirmation of downtrend has been provided by the price trendline has drifted below the IKH Senkou A/B nuage, with also the Tenkan line crossing below the Kijun line double sell signal. The iShare Emerging Market ETF would eventually test the 2020 Q1 high EEM iShare ETF 46.35