S&P 500 Month Chart showing another GFC just around the corner
Looking at the S&P 500 month chart, we can see that another Double Top (W-shape) is forming again just like the ones we have at year 2000 and year 2008. The entire world stock market tanked on both occasions during that two years and if S&P 500 is an early trend indication of major stock market direction then we should prepare for what is coming in the next 8 to 10 months when going into year 2016.
The stock should have crash on October 2014 but it didn't and it did try to crash again on August 2015 but failed again, the longer the stock market keep kicking the can down the road the bigger the diving can go. We can pray for luck that it doesn't finally crash the third time around, but that possibility is very slim as many experts have given it a 80% chance of Global Financial Crisis happening in 2016.
The stock should have crash on October 2014 but it didn't and it did try to crash again on August 2015 but failed again, the longer the stock market keep kicking the can down the road the bigger the diving can go. We can pray for luck that it doesn't finally crash the third time around, but that possibility is very slim as many experts have given it a 80% chance of Global Financial Crisis happening in 2016.
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.