TradingView
davec83
20 апр 2018 г., 04:34

S&P 500 INCREDIBLE FRACTAL - 1987 vs NOW 

S&P 500SP

Описание

Chart comparison between 1982-1987 to 2014-2018. A large correction is likely to come sooner rather than later.

Thumbs up if you agree!

What do you think? Please leave a comment.

Комментарий

*** Not intended as trading advice. Just an observation.

Комментарий

This could be playing out right now...
Комментарии
ChartArt
The Nikkei fractal so far failed to repeat:

ChartArt
So we are going to get a massive short squeeze instead, when everyone knows about the downside risk? :D

ChartArt
If we have a falling wedge pattern, odds would favor the bulls and explain the scenario above:

ChartArt
The S&P 500 needs to stay inside this uptrend channel though to breakout to the upside after completing the falling wedge pattern.



Otherwise the 1987 scenario is more likely,
davec83
@ChartArt, yes I see that, but eventually that pattern will break downwards. Based on what I'm seeing, I think that will happen sooner rather than later. Good charts thought! I appreciate your comments.
ChartArt
@davec83, I'm leaning bearish as well. I'm sharing these charts to stay objective.
ChartArt
Related idea of a bullish reversal scenario:

davec83
@ChartArt, yes of course, it could turn out to be a falling wedge pattern.
ChartArt
This could be in the future the reason, why the S&P 500 could rally even higher. If both the crash doesn't start in May-June 2018:

ChartArt
@ChartArt, I wanted to say: If both rally.
Ещё