SPX New High Again and Again.. Why ? History Tell You Why.
Everyday we hear News about Global Economy is Weak and Why the market is non stopping making new High ? Some People say due to FOMC,Global Central Bank Monetary Easing policy, Gov action, all kind of reason contribute to this market move. As Chart Technician, we Take away those news and take a close look on the chart, and It tell us where the market need to go.
This historical monthly SPX chart Give some insight what is happening at the moment, What next may happen in coming years.
This Long Term Monthly Chart Split into 4 part.
The first part is the recovery of global economy from 1987 to Dot-Com Boom. (SuperBull Cycle 1)
148 Months Super Bull Run from Oct 1987 to Mar 2000 SPX Up From 216 Point to 1552 Point
Second Part is the Consolidation Phase post Dot-Com Bubble and the Peak and Low of the Subprime Crisis.(Consolidation 1)
108 Months Consolidation Phase, SPX take 2 Cycle retracement to 50% to 61.8% to Lowest Point 666 in Mar 2009
Third Part is the Recovery Phase post Subprime crisis till Today. (Superbull Cycle 2 Where we are now)
126 Months Super Bull Now How Many Months to go to End this Super Bull ? No body Know.
Forth Part is the future Consolidation Phase after the Super Bull Cycle 2 (Consolidation 2)
Purple Line indicate the Potential SPX move over period 100 Months projected based on History of super bull cycle 1.
Taking SPX 2000 Point as Potential 50% retracement (in consolidation phase 2 mid point) , Peak 3350 to 3400 can be this time round ultimate high. It can be even higher with the last 5G Dreams Push
This View doesn't serve the purpose of Prediction, I don't Predict the Peak and Low of the Market. As Anything can happen and Trade what we currently See not what we predict.
To success in Trading not relying on prediction, It is depend on your Trading WorkFlow that work on the Market movement probability + strict Money Management rule.
Happy Trading.
This historical monthly SPX chart Give some insight what is happening at the moment, What next may happen in coming years.
This Long Term Monthly Chart Split into 4 part.
The first part is the recovery of global economy from 1987 to Dot-Com Boom. (SuperBull Cycle 1)
148 Months Super Bull Run from Oct 1987 to Mar 2000 SPX Up From 216 Point to 1552 Point
Second Part is the Consolidation Phase post Dot-Com Bubble and the Peak and Low of the Subprime Crisis.(Consolidation 1)
108 Months Consolidation Phase, SPX take 2 Cycle retracement to 50% to 61.8% to Lowest Point 666 in Mar 2009
Third Part is the Recovery Phase post Subprime crisis till Today. (Superbull Cycle 2 Where we are now)
126 Months Super Bull Now How Many Months to go to End this Super Bull ? No body Know.
Forth Part is the future Consolidation Phase after the Super Bull Cycle 2 (Consolidation 2)
Purple Line indicate the Potential SPX move over period 100 Months projected based on History of super bull cycle 1.
Taking SPX 2000 Point as Potential 50% retracement (in consolidation phase 2 mid point) , Peak 3350 to 3400 can be this time round ultimate high. It can be even higher with the last 5G Dreams Push
This View doesn't serve the purpose of Prediction, I don't Predict the Peak and Low of the Market. As Anything can happen and Trade what we currently See not what we predict.
To success in Trading not relying on prediction, It is depend on your Trading WorkFlow that work on the Market movement probability + strict Money Management rule.
Happy Trading.
Penafian
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