Here can see an outline of the weekly time frame heading into the 2008 financial crisis and the current day markets. It becomes incredibly clear how similar these patterns are becoming. Are we on the verge of the next crisis? Many would say yes. With Fed Chair Jerome Powell calling at last weeks FOMC for a housing "correction" one would say the comparison is becoming more and more as we move forward in our bear market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.