Summer comes when it's time for summer. when there is winter time it always come (Bearmarket), It comes on time or comes bit late. Same with the market. some time it comes right on time or bit late this time it came right on time. 150 Months of Bull run will end in tears for bulls. It was 150 months off tears for Bears. There will be Bounce that will try to reach the high which will fail. secondary top? Top is in once When NYSE McClellan Summation Index goes under Zero.
150 Months cycle in play. 1929 top to 1942 Bottom 151 Months 1994 Bottom to 2007 Top 151 Months 1974 Bottom to 1987 Top 152 Months
1987 Low to 2000 high was 150 Months 1998 Low to 2000 High was 17 Months
2009 Low to 2021 17 Months = August 2021 2020 Low to 2021 17 Months = August 2021
Most it took from bottom to top was 152 Months. Either top come now or By October. even if you are 2 Months early Drop will bigger.
Top is in once When NYSE McClellan Summation Index goes under Zero. Market will enter Bearmarket for sure. then all bounce should be sold until it goes in oversold territory. will take around 33/34 months to reach bottom also we will see 1 huge bounce that will take time to resolve to downside. It will be like 9/11/2000 bounce, that was a huge bounce that killed lot's of bears. Don't get caught on the wrong side
This week we will see how far Market drops then Dow Top was in August and now it's heading south.
Dow made High on 3rd September 1929, Labour day Holiday and there was New Moon on 3rd September.
Looks like SPX top was on 7th September Labour day holiday with new Moon.
What we will see is support should break on all indexes this week.
In rear view mirror we will know when all those indexes have tops.
SPX and NDX tops In September. Dow was in August.
eversanchez
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there is so much money available right now, people will keep buying the dip, there is still a bunch of people sitting on cash ready to buy the dip, DYI, crash is not gonna happen a year later after a crash, you really think all those people who miss last year dips will get another change, the stock market doesnt work like, it wont give you a second chance, and there are already stocks dipping more than 80%, people will lose more money waiting for a crash and you know that happen to u last year, selling too early, taking profits too early, in crypto and stock market, be realistic no one knows what´s gonna happen.
894e4eec69b440c8b932468f0eb588
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thanks for great insights
Platinum-Markets
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So if the market goes beyond the recent highs, what will be your reasons?
Dow made High on 3rd September 1929, Labour day Holiday and there was New Moon on 3rd September.
Looks like SPX top was on 7th September Labour day holiday with new Moon.
What we will see is support should break on all indexes this week.
In rear view mirror we will know when all those indexes have tops.
SPX and NDX tops In September. Dow was in August.