Why Jamie Dimon SoldOn the 3 month chart, the bottom of our current trend was way way back in 2008 after the crash. We finally formed a lower high on our 3 month RSI in 2021, the lower high that we formed in July 2023 was also a rejection under the moving average. We are now in a downtrend on the 3 month chart. there is no major support until we get in 50's range. Most of the major companies look this way. Across the board. I'm going to repeat it again. We are in a confirmed 3 month timeframe downtrend. This has been a 15 year process and it has led to massively overvalued companies whose share prices do not reflect current or predicted future earnings. We are at the very very top of a mountain and there isn't anything below. No one looks at the 3 month, but it shows clearly just how dire the situation is for equity markets.
