Market Clouds

Debt Ceiling 2011 Analogue

INDEX:SPX   S&P 500 Index
582 12 10
History doesn't repeat but it does rhyme. Currently there is an awful lot that looks very similar to the debt ceiling crisis of 2011. The price patterns should not be ignored. Much like 2011 we are also hearing growing concerns out of Italy             and Greece. Proceed with caution as this week will surely be an interesting one.
osci
3 years ago
vy interesting comparison! with which function of tradingview could you place the violet 2010-2011 sp500 directly under the actual one?
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Market Clouds
3 years ago
It's called "Bars Pattern" located under the button at the bottom of the column with all the different tools.
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osci Market Clouds
3 years ago
tnx :-)
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Biggest difference from then and now, is the fact the Federal Reserve is buying 85 billion worth of bonds every month. In fact the Federal Reserve may not stop buying bonds until 2017.
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G13Man
3 years ago
History doesn't repeat but it does rhyme from Mark Twain
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blackalphamale
3 years ago
Looks like we have 2 weeks
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HughGRection
3 years ago
Agree on the first part. I doubt T-Bonds will go up if we actually default on our debt. Although it'd be a paradigm shift, it would make a lot more sense to have a general flight from USD to safer havens.
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Starting to get interesting in D.C. we might get that 2011 redux after all. Running out of time
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Mikke2130.
2 years ago
i HERE A LOT OF INVESTOR AND TRADERS SAY THIS IS A MINOR SELL-OFF AND I WANT TO TELL ALL OF YOU THERE WRONG. THE MAJOR SELL OFF HAS ALREADY BEGUN. THE S&P 500 HAS ALREADY FORMED A PERFECT MONTHLY WOLFE WAVE PATTERN WHICH IS IN STAGE 5 EXTREME, WHILE MOMENTUM HAS ALREADY TURN DOWNWARD. THE MARKET WILL NOT ADVANCE SIGNIFICANTLY ANY FURTHER. THE DECLINE WILL DROP TO THE 700 TO 600 AREA. SO ANY ONE HOLDING STOCKS OR INDEXES FOR THE LONG HAUL ARE GOING TO LOOSE GREATLY. CHECK OUT THE WOLFE WAVE PATTERN.
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