HYPERBITCOINIZATION US stocks teetering on the edge...

2018年7月4日

The chart shows the sum of the Dow, Nasdaq and S&P markets normalised to the January 2018 high. The US stock markets make up over 50 % of world stock market cap.

The fractal comes from gold 2006 to 2008. Fit was really good until 20 June. Now stocks fallen below an important support level (dotted line) reducing the likelihood of immediate recovery. Failure to retake that level now increases the likelihood of a stock market crash in Q3 2018.

Here is the entire channel. If a breakout isn't forthcoming, a correction will be incoming that could easily lead to a complete stock collapse given the hype of the last few years, the margin debt and the possible Trade War (Donald long Bitcoin)

2018年7月4日

註釋

2018年7月7日

註釋

Combined stocks should retest the 0.97 level before probing the current level for support.

2018年7月19日

註釋

next month will be a good test of this chart

2018年8月13日

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Starting to get interesting now... US stocks may still break out, I'm not a doom believer when it comes to global economy but a deeper/longer correction is still possible here I suppose.

2018年8月21日

註釋

People talking about an imminent stock crash... makes me very skeptical to be honest. Here I've refitted the fractal a bit so that turning points coincide (not price levels on the whole). I think there is still a good chance major US indices will break out personally.
Check out the chart, you can see there is an unfilled gap at 99 %.


The second chart shows that Nasdaq has already broken out with S&P slightly above the average and Dow below it.

2018年8月28日

註釋

Stocks look to be breaking out
Present fit indicates next peak end of Oct with an approx. 12% gain on Jan ATH