Must admit, I had looses last week with SPX. But just want to remember that a new high doesnt always mean a new uptrend. Look 2008.
My opinion, based on just speculation, is that this MAY be a bulltrap. I may be wrong and crash just wont happen this year BUT there are some FA to believe it will:
In TA view we still have divergences at MACD and RSI.
My opinion, based on just speculation, is that this MAY be a bulltrap. I may be wrong and crash just wont happen this year BUT there are some FA to believe it will:
- Banks
- Fixed rent / bond market bubble
- Recession
- No more methods to help econommy from central banks (Rates are already too low)
In TA view we still have divergences at MACD and RSI.