This chart looks at the trend all the way back from the great depression in 1930's.
Now I've put arrows where the resistance and support levels are and marked the RSI divergence similarities between all the recent market topping patterns beginning from 1987 then 2000 then 2008 and now in 2018.
The 2000 market topping was extremely prolonged but the divergence is very similar non the less. But the price action today more likely mimics the price action seen in 2008 IMHO.
Also check out the MACD It's slowed down a by third to cut out some noise, it's right now the edge.
I think I'll be adding more charts like Oil, Gold and Dollar later on, because they all seem to exhibit similarities to the recent market topping events.
So stay tuned and stay safe, things might start moving fast now.
Now I've put arrows where the resistance and support levels are and marked the RSI divergence similarities between all the recent market topping patterns beginning from 1987 then 2000 then 2008 and now in 2018.
The 2000 market topping was extremely prolonged but the divergence is very similar non the less. But the price action today more likely mimics the price action seen in 2008 IMHO.
Also check out the MACD It's slowed down a by third to cut out some noise, it's right now the edge.
I think I'll be adding more charts like Oil, Gold and Dollar later on, because they all seem to exhibit similarities to the recent market topping events.
So stay tuned and stay safe, things might start moving fast now.
