Weekly Candle doji, lower high, at resistance.. possible Expanding Wedge .. within a larger 100yr uptrend. Expanding triangles are common at tops. Something to watch in the coming weeks.. Look at lower chart for longer picture. Possible short set up which may last weeks to months to possible years.
Komen:
Longer Term view
Komen:
Nikkei (Japan) was the the largest stock market in the world in late 80's larger than the US by a substantial amount. It was worth about 40-45% of all indexes in the world, the US at the time was around 20%. So for those who think stocks only go up, look to Nikkei, it took 30yrs to bottom... and lost 85% of it's value.. Japan incurred large amounts of debt. Also Japan, has not taken out it's ATH (All Time Highs) here 40yrs !!! Later. So ... SPX at 525 = 85% down.. which would line up with the dot.com 2002 lows, and the 2009 lows..for what it's worth. Something to keep in mind for those who do not believe we could ever go that low.