INDEX:SPX   S&P 500 Index
381 4 15
This is a long term historic analysis of SPX             showing the length of the bull market and its following decline. The MACD in this case is quite acurate to identify this long term tops. Following that we are already now on a long term bear market and the last top was around februrary 2015. It is not clear how long is it going to take to fully retrace as we did on the previous two cycles. The green dotted lines are traced with last two tops and they are useful to identify the present top, and following that, bottom for this cycle could be placed in Q1 2018.

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ChartArt
9 months ago
So the stock market is going to crash because everyone is looking at the MACD indicator on the monthly chart?
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ChartArt ChartArt
9 months ago
Currently it looks like we found a bottom. But my view can change next week or next month ... it's "data dependent" :)

China crash, Greece almost out of cash - A bearish 2015 scenario
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purpurato59 PRO ChartArt
9 months ago
It is a very long term analysis, the chart uses month as the time interval and goes back to 1997, it is not intended to be used as a trading advice, but just an analysis of big cycles. Maybe there are local uptrends, but the primary trend is now going south.
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ChartArt purpurato59
9 months ago
My point is that we have already gone south a lot and very fast.

Almost every analysis I do also shows me that the overall trend is down, but what if we are both wrong?
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