The infamous Kiss of Death signal for SPX
The Kiss of Death (KoD) put simply is when the price (candle close) is clearly under the 21 EMA on the monthly timeframe. This is something that fascinates me and I have gone quite far back to find evidence for when it is and when it is not a predictor of more downside, deeper bear market and possibly a recession or worse recession if already in one! This chart simply highlights a handful of events where the 21EMA signaled for a KoD and the Elliot Oscillator agreed. While looking at this it appears that the Elliot Oscillator would likely be the better determining factor, however, I like the confluence of the 21EMA working in tandem.
As you can see are have a KoD, it occurred late 2022 and the Elliot Oscillator agrees. This is nothing more than technical indicators signaling KoD and doesn't mean it will occur. However, fundamentally, large cap companies, financial institutions etc. are all signaling for tougher times ahead. The fed continues to increase rate, jobless claims continue to rise, inflation is not under control, large companies are laying off thousands of their employees and the rallies the market continues to have are based on nothing more than a hope that bad news is good news because it means the Fed will lighten up on rate hikes. If/when the time comes that the Fed lightens up on rate hikes, that doesn't take away just how bad all the bad news we get every month actually is!
Stay safe traders, investors and spectators!
Pua, Out!
As you can see are have a KoD, it occurred late 2022 and the Elliot Oscillator agrees. This is nothing more than technical indicators signaling KoD and doesn't mean it will occur. However, fundamentally, large cap companies, financial institutions etc. are all signaling for tougher times ahead. The fed continues to increase rate, jobless claims continue to rise, inflation is not under control, large companies are laying off thousands of their employees and the rallies the market continues to have are based on nothing more than a hope that bad news is good news because it means the Fed will lighten up on rate hikes. If/when the time comes that the Fed lightens up on rate hikes, that doesn't take away just how bad all the bad news we get every month actually is!
Stay safe traders, investors and spectators!
Pua, Out!
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