I think the stock market might be in a bubble?
I am just using this MCD chart as an example of the state of the overall stock market.
Anything above this 4.618 fib extension should be a good sell. Not too sure how this will play out, but I do know that charts that look like this end up getting rocked at some point. Question is when?..well i think this last trend-line can help us here ( which is pretty much 90 degree slope) when this breaks... look out below.
Best of luck,
hit thumbs up.
I am just using this MCD chart as an example of the state of the overall stock market.
Anything above this 4.618 fib extension should be a good sell. Not too sure how this will play out, but I do know that charts that look like this end up getting rocked at some point. Question is when?..well i think this last trend-line can help us here ( which is pretty much 90 degree slope) when this breaks... look out below.
Best of luck,
hit thumbs up.