Due for a stock crash or will we be reaching a new high?Blue parallel channel: main price trend channel
Purple parallel channel: secondary price trend channel
I know I'm missing some crises here and there, but I figured I only need to mark some.
The correlations I am able to make is that a high RSI along with an unsavory reason leads to big trouble.
Great Depression: credit **(Edit: I forgot to add that the huge run up in the 1920s leading up to the Great Depression was due to credit and an economic boom after WWI)**
Asian/Japanese Economic Bubble: credit and overvaluation of assets
Internet Bubble: money being poured into fundamentally lacking ideas/companies
Housing Market Crash: predatory lending and falsified documentation leading to investors taking on loans they couldn't afford
2018 Crash or Moon?
I'm welcome to contrarian discussion. What i'm most interested in right now is why the stock market has been on such a bullish run since the recession.
RSI and OBV looking down. Personally I believe the stock market is going for a correction after its run. I'd be sure to change my mind once I figure out why we ran up so quickly.
