As you can see the signal is not 100% perfect, there were 3 false alarms since 2007, although they were at points where the market could have gone south.
Looking at the , which I personally like as an indicator, the index has not passed through the bottom (yet) so there is some hope there.
Overall, we could be heading for a disaster. As the next major under here is 2015 @ 4750.
But with the Fed getting dovish and to be honest company are still great with unemployment at a low, I believe this too shall pass.
But it is a percentage game of risk right now and it is 50/50. Is that a risk you want to take?
The last crash was a complete systemic failure. I do not see that happening yet.
Although my good friend @the_unwind reminds us that robotic algorithms are responsible for 80% of all on the US markets.
What money are they using?
If the market does crash hard it could be 1929 all over again.... all the Algo Trading on borrowed and leveraged money.
Anyway, enjoy your day
Stock Market Training: https://www.liberatedstocktrader.com/stock-market-training/
Stock Market Crash Detector - https://www.liberatedstocktrader.com/crash/
Robotic Algorithms Machine Driven Money
using BORROWED money as in MARGIN...?
Can anybody read the handwriting on the wall here ?
Excellent Piece on Nasdaq 100, and tech stocks Barry.
On par with your usual substantial illumination.
Bust in Nasdaq Stocks occured first, on Parabolic Breakdowns
in the FANG BUBBLE STOCKS> Books shall be written that are must reads.
The unwinding..so to speak, is probably just ..beginning.
1929 all over again..now THERE's a thought. BOOM. FOLLOWED BY BUST.
How fitting, and an excellent way to end the book.