Indeks S&P 500Singkat
SP500 Bearish Outlook - Close to forming Generational Top
Like most of the major equities Indices are in very bullish mode since 2009 low and it seems nothing could go wrong. All the "Fundamentals" point to many profitable years ahead.
In fact I have hear a presentation from notable commentator suggesting 2009 will is a generational low ie will not be revisited ever in his life time. I think he is in his fifties.
He has shown many charts in his presentation boasting over 30 years of real life experience in the technical analysis of financial markets. Therefore many stock that are languishing at 50% of the retracement of the 2000 high to 2009 low are heading to retest their all times high.
If he is correct about these retesting their all time high, then I think they are running short of time.
From my chart you can see that we are only couple of months away fro forming truly forming a generational "TOP" that really is unlikely to be retested for more than generation. In fact we might spend another 15 years or so cascading down before forming a lasting low at a level likely below 2009 low.
So the wind will change may be by Early Sept to late October with SP500 hitting 2000 zone and could spike into 2030 area.
Could the end of Tapering and prospect of rising interest rate be the catalyst? I wonder.
Likewise could Gold bottom by then? Check out my published chart tradingview.com/v/hmYW1zyu/
Well for the trader this could be an opportunity of a life time.
As always, this is my interpretation of the price action. Be sure to do your own analysis before planning a trade.
In fact I have hear a presentation from notable commentator suggesting 2009 will is a generational low ie will not be revisited ever in his life time. I think he is in his fifties.
He has shown many charts in his presentation boasting over 30 years of real life experience in the technical analysis of financial markets. Therefore many stock that are languishing at 50% of the retracement of the 2000 high to 2009 low are heading to retest their all times high.
If he is correct about these retesting their all time high, then I think they are running short of time.
From my chart you can see that we are only couple of months away fro forming truly forming a generational "TOP" that really is unlikely to be retested for more than generation. In fact we might spend another 15 years or so cascading down before forming a lasting low at a level likely below 2009 low.
So the wind will change may be by Early Sept to late October with SP500 hitting 2000 zone and could spike into 2030 area.
Could the end of Tapering and prospect of rising interest rate be the catalyst? I wonder.
Likewise could Gold bottom by then? Check out my published chart tradingview.com/v/hmYW1zyu/
Well for the trader this could be an opportunity of a life time.
As always, this is my interpretation of the price action. Be sure to do your own analysis before planning a trade.
Penafian
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