CNotes1234

SPX SPXUSD 12M Measured Bubble Move

SP:SPX   S&P 500 Index
Months back I decided to attempt to predict a local topping of the S&P 500 in various ways. One symbolic aspect was to compare the moves of a previous crash to an asset bubble top... Simply measured the bottom of the '87 Crash to the top of the Dot.com Bubble -- I measured from the bottom of the Financial crisis crash to where that equal percentage move would be. In hindsight, I find this even more interesting over the past few weeks... Thus far, the recent topping was near 35 points of the symbolic measured move.
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.