SPY signals very possible end of 7 years bull market.
Connect the 2 monthly highs of 2007 just before the financial crisis broke out,
with a trendline, and see it get hit by the top of 2015, followed by a year of topping out on SPY/SP500, and then, last week, on the 13th December when it was hit the 4th time.
This also marks what i believe could be the 5th leg of a EW move.
So 2017 could be "welcome to the bearmarket".
A coming/luring crisis in the bond market could serve as first trigger.
#SP500 #debtcrisis #assetbubble #currencycrisis #zeroprocentinterestratefortoolong
#dontsayididntwarnyou
Merry X-mas and a Happy New year :-)
Connect the 2 monthly highs of 2007 just before the financial crisis broke out,
with a trendline, and see it get hit by the top of 2015, followed by a year of topping out on SPY/SP500, and then, last week, on the 13th December when it was hit the 4th time.
This also marks what i believe could be the 5th leg of a EW move.
So 2017 could be "welcome to the bearmarket".
A coming/luring crisis in the bond market could serve as first trigger.
#SP500 #debtcrisis #assetbubble #currencycrisis #zeroprocentinterestratefortoolong
#dontsayididntwarnyou
Merry X-mas and a Happy New year :-)
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.