Hi guys, today we will make clearly what happen with S&P500 0.41% in the next time.
This is really a difficult question for answer but look at this chart and read the explain in below you will see my view about the market right now.
First review about the 1M (1 month) candle, we have big red candle, this is really very bad signal with RSI divergence has occur immediately after big red candle. That mean the market is overbuy and that bring strong selling pressure and psychological fear, this is a sign of a long-term downtrend.
Look at back last 2 crisis dump in the chart in 2000 and late 2007, we have -50% and -57% in each long term downtrend. The cycle usually happen each 10 years for once time. Is this time for broken ?
The answer is maybe yes for sure! The last 2 time we all have RSI divergence and almost it no happen from 2007 until now. That is over 10 years without any long term downtrend just have small correction in big picture of growth.
Fibonacci Time Zone will give you clearly signal for this broken in long term.
DMI 4C give us that bull is weaker and DMI line are going down prepare for next bear market.
RSI also has broken down the uptrend line and clearly divergence.
Look at 4 MA: MA15 ; MA35 ; MA 75 and MA 140, we have very strong bullish from 2007 and boom time far with MA75 and MA140. really need to correction to long - term average price? Yes needed for next heathy cycle.
Now we upper MA15 or 1M chart, the last target is touched MA140 for next 2 years as predict.
Also using Fibonacci from 2009 ( Economic crisis ) we need to correction down to 0.382 ( 2079 index )
Thank all you guys for reading and this is a big picture as my viewpoint.
LIKE and SHARE and COMMENT in below for support me ! LOVE ALL !
This is really a difficult question for answer but look at this chart and read the explain in below you will see my view about the market right now.
First review about the 1M (1 month) candle, we have big red candle, this is really very bad signal with RSI divergence has occur immediately after big red candle. That mean the market is overbuy and that bring strong selling pressure and psychological fear, this is a sign of a long-term downtrend.
Look at back last 2 crisis dump in the chart in 2000 and late 2007, we have -50% and -57% in each long term downtrend. The cycle usually happen each 10 years for once time. Is this time for broken ?
The answer is maybe yes for sure! The last 2 time we all have RSI divergence and almost it no happen from 2007 until now. That is over 10 years without any long term downtrend just have small correction in big picture of growth.
Fibonacci Time Zone will give you clearly signal for this broken in long term.
DMI 4C give us that bull is weaker and DMI line are going down prepare for next bear market.
RSI also has broken down the uptrend line and clearly divergence.
Look at 4 MA: MA15 ; MA35 ; MA 75 and MA 140, we have very strong bullish from 2007 and boom time far with MA75 and MA140. really need to correction to long - term average price? Yes needed for next heathy cycle.
Now we upper MA15 or 1M chart, the last target is touched MA140 for next 2 years as predict.
Also using Fibonacci from 2009 ( Economic crisis ) we need to correction down to 0.382 ( 2079 index )
Thank all you guys for reading and this is a big picture as my viewpoint.
LIKE and SHARE and COMMENT in below for support me ! LOVE ALL !