I looked at the three previous crashes that we have had on the S&P500. The charts show the following:
1. All resulted in a weekly candle(s) going lower than all three moving averages (50, 100 and 200 weeks);
2. We have now gone below the first of the moving averages (50);
3. After such a crash, once a candle clears the first Moving Average (whichever one it may be), there tends to be a bull uptrend / bull run.
No one can say for certain the direction of the market, however at the moment of writing the stock market is widely acknowledged as being over-priced, hence we could be at the start of the bear run, particularly as we have now dipped below the 50 moving week average.
These are are my initial observations. I stand to be correct in the event that I have missed anything.
1. All resulted in a weekly candle(s) going lower than all three moving averages (50, 100 and 200 weeks);
2. We have now gone below the first of the moving averages (50);
3. After such a crash, once a candle clears the first Moving Average (whichever one it may be), there tends to be a bull uptrend / bull run.
No one can say for certain the direction of the market, however at the moment of writing the stock market is widely acknowledged as being over-priced, hence we could be at the start of the bear run, particularly as we have now dipped below the 50 moving week average.
These are are my initial observations. I stand to be correct in the event that I have missed anything.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.