Top of 7 years of bull market signal on SPY (SP500)
SPY signals very possible end of 7 years bull market.
Connect the 2 monthly highs of 2007 just before the financial crisis broke out,
with a trendline, and see it get hit by the top of 2015, followed by a year of topping out on SPY/SP500, and then, last week, on the 13th December when it was hit the 4th time.
This also marks what i believe could be the 5th leg of a EW move.
So 2017 could be "welcome to the bearmarket".
A coming/luring crisis in the bond market could serve as first trigger.
#SP500 #debtcrisis #assetbubble #currencycrisis #zeroprocentinterestratefortoolong
#dontsayididntwarnyou
Merry X-mas and a Happy New year :-)
Connect the 2 monthly highs of 2007 just before the financial crisis broke out,
with a trendline, and see it get hit by the top of 2015, followed by a year of topping out on SPY/SP500, and then, last week, on the 13th December when it was hit the 4th time.
This also marks what i believe could be the 5th leg of a EW move.
So 2017 could be "welcome to the bearmarket".
A coming/luring crisis in the bond market could serve as first trigger.
#SP500 #debtcrisis #assetbubble #currencycrisis #zeroprocentinterestratefortoolong
#dontsayididntwarnyou
Merry X-mas and a Happy New year :-)
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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.