SPX500 hidden bearish divergence on 1y chart. Big depression?
SPX500 technical analysis shows bearish divergence in 12 month chart which could mean a hidden depression coming. With possible war in middle east and market uncertainty due to BRICS power overtake, the US dollar and therefore US companies could face a big loss driving the SPX500 to a sudden drop which could last for some years like the 1st great depression.
As all good traders and investors know, history tends to repeat itself. What do you think ?
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.