The monthly picture is always nice for determining the larger picture.
We have a very strong monthly bearish MACD cross, and the monthly RSI is firmly below 70.
Historically, we can see that every time this was the case, we had a bearmarket. Back in 2011-12, in 2014-15, and now.
I assume this will drag on until mid 2019, when we get the next upward momentum again. Then, the monthly MACD should start switching bullish again, and RSI should start heading to 70+ again.
We have a very strong monthly bearish MACD cross, and the monthly RSI is firmly below 70.
Historically, we can see that every time this was the case, we had a bearmarket. Back in 2011-12, in 2014-15, and now.
I assume this will drag on until mid 2019, when we get the next upward momentum again. Then, the monthly MACD should start switching bullish again, and RSI should start heading to 70+ again.