In this analysis, we look at the SPX MACD Histogram on the daily, and how a clear trend is present that indicates an imminent market correction.
All 4 charts are linked below in case you'd like to take a closer look!
The trend is a MACD Histogram;
a. Contraction
b. Breakout / Warning shot
c. Correction
Today we are in the middle of the breakout / warning shot
I compare this trend to historical bear markets / corrections;
1. 1965-75
2. 1986-88
3. 1998-2009
Based upon the performance & significance of the trend historically, I would appear that we will now see a push onto new ATHs during Oct/Nov, followed by a major market correction in EOY 2021 / start of 2022
yemala
All 4 charts are linked below in case you'd like to take a closer look!
The trend is a MACD Histogram;
a. Contraction
b. Breakout / Warning shot
c. Correction
Today we are in the middle of the breakout / warning shot
I compare this trend to historical bear markets / corrections;
1. 1965-75
2. 1986-88
3. 1998-2009
Based upon the performance & significance of the trend historically, I would appear that we will now see a push onto new ATHs during Oct/Nov, followed by a major market correction in EOY 2021 / start of 2022
- What are your thoughts?
yemala
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