shaca
weekly macd will drop below 0 negative weekly divergence, June 2015 ended with a monthly shooting star
3600 is just the first wave
the same monthly divergence of the top at 15000 points
long weekly MACD is going to break 0 and rise for the rest of the year
macd did bounce but the 0 looks like a resistence and it is going to cross again in bear mode, this is very very negative
the most overvalued stock market of the world, bubble in the banks sector with p/e of 40-50, and economy in the terminal fase of the debt-inflation system bubble crash on grexit
WOLFE wave, plus europe in bubble, no not china, EUROPE is in bubble take a look at data, +20% YTD unjustified
what are the odds of seeing a reversal here? very high
a perfect 1-2-3 high with a very bearish reversal weekly candle, underperforming SPX
atm 350 days of selling without a positive histogram, will hit at least 380 days even if it jumps to 1,15 in 3 weeks this is so far the longest period of selling ever by at least +40% of the previous record FED will clearly never raise rates since inflation is negative and positve in europe, data is collapsing quite fastly is a short sqeeze coming?
wave 3 completed, short here at 1,28/1,29 weekly histograms are falling, exactly like in at the top of wave 1
EUROPE had better GDP than US in 2006 with the euro at 1,40 and worse/same growth with euro at 0,85 dax is following euro depreciation, but this and QE will have no effect on growth. in this moment europe +20% YTD and US -1% i expect US to fall at -15% YTD, then europe will also be at -15%
the bump keeps getting smaller and smaller, weekly negative divergence macd have to fall to 0
this bullish head and shoulder failed, so i expect this index to fall below the head at 9900 which will become a resistance if 9900 is a resistance of a rebound/pullback, then it should drop below 9500 in the next weeks, probably 9000