Hello Friends,
Just taking a look at the SPX, it is interesting to see the curvature of this market. As seen on this chart, we can see clearly the periods of time where and when the bears and bulls were in control.
Lately all I hear is that the market is going to crash, which is the reason I decided to look at the SPX in the first place. My conclusion is that it is not going to crash but do the opposite. Take a look throughout the SPX history and the RSI. It is crystal clear that this market has just broke through a resistance line and is still climbing. The comparisons between the bull/bear markets of the past says that this current trend isn't going down anytime soon.
Cheers!
Just taking a look at the SPX, it is interesting to see the curvature of this market. As seen on this chart, we can see clearly the periods of time where and when the bears and bulls were in control.
Lately all I hear is that the market is going to crash, which is the reason I decided to look at the SPX in the first place. My conclusion is that it is not going to crash but do the opposite. Take a look throughout the SPX history and the RSI. It is crystal clear that this market has just broke through a resistance line and is still climbing. The comparisons between the bull/bear markets of the past says that this current trend isn't going down anytime soon.
Cheers!