The MACD momentum index for the Major Stock Indices gave Sell Signals this week or are still on the verge of Sell Signals over most of them. Most of them are also hitting or approaching their 200-Day Moving Averages, which can act as major resistance, even if it is ONLY for a retest of the December lows. If those lows break, we could see your proposed analysis come to pass.
The MACD momentum index for the Major Stock Indices gave Sell Signals this week or are still on the verge of Sell Signals over most of them. Most of them are also hitting or approaching their 200-Day Moving Averages, which can act as major resistance, even if it is ONLY for a retest of the December lows. If those lows break, we could see your proposed analysis come to pass.