Just taking a look at the SPX , it is interesting to see the curvature of this market. As seen on this chart, we can see clearly the periods of time where and when the bears and bulls were in control.
Lately all I hear is that the market is going to crash, which is the reason I decided to look at the SPX in the first place. My conclusion is that it is not going to crash but do the opposite. Take a look throughout the SPX history and the . It is crystal clear that this market has just broke through a resistance line and is still climbing. The comparisons between the bull/bear markets of the past says that this current trend isn't going down anytime soon.
Too many people calling "crash", then of course the exact opposite happens lol.
Only if no one thinks that a crash is possible any more, then the crash will come :)
1) When chicken little cries that the sky is falling, then we have nothing to worry about. If chicken little crosses the road to spread the word and gets hit by a car we will have lost our indicator.
2) Next we will hear the boy who cried wolf, we will start paying attention to the kid and look into it. Next time we hear the kid we will call bullshit and if we do that, we will have made a mistake. LOL