Bold Prediction SPX Target Based On Previous PostsNOT ADVICE DYOR
Previously Posted
For Construction & Big View See Post 27 Aug 2020
Standardandpoors
ENCOURAGING NEWS - Black Spinning TopNOT ADVICE. DYOR.
Enjoy!
View all past occurrences here ( 8 Gorgeous Charts):
What can we learn from 1982 about this 4 Wk range1st Rule = All Signal& MACD lines >0 2nd Rule = 4 Wks Histogram >0 but sliding 3rd Rule = when range of 1st Rule is < high of previous Wks (white verticals). Best match 1982 because high of previous weeks was ATH and dive cut through previous ATH exactly like today in 2020. NOT ADVICE. DYOR.
Could be 5th historic closing WK since 30 Jan 1871SPX needs all Signal & MACD >0 to span more than 6 WKS NOT ADVICE. DYOR.
SPX is now in a very good place.NOT ADVICE. DYOR.
Mark all points where signal line crosses from 0< to >0 (orange bar)
Then edit as follows. Pick points where Histogram (green bars) prior to crossover follows same movements + & - as BB%B (range = white box).
Then mark first point where histogram and BB%B go in opposite directions (white bar) following crossover (range = yellow box)
Last 3 market crashes compared"What just happened?" Is the most common question people is asking their brokers.
The answer: Nobody knows exactly. The market just crashed like in 2015, 2011 and 2010.
Here is a comparison of the latest 3 flash-crashes:
18 August 2015
1 August 2011
6 May 2010
Even while past data suggests a price bounce, bear in mind that the sell-off could continue in the next days.
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"Know what you own, and know why you own it" - Peter Lynch
