davec83

S&P 500 INCREDIBLE FRACTAL - 1987 vs NOW

SPCFD:SPX   S&P 500 Index
1573 views
37
1573 17
Chart comparison between 1982-1987 to 2014-2018. A large correction is likely to come sooner rather than later.

Thumbs up if you agree!

What do you think? Please leave a comment.
Comment: *** Not intended as trading advice. Just an observation.
Comment: This could be playing out right now...
Join our free discord chat to talk about crypto, forex and the stock market!

https://discord.gg/jgJ2FAf
The Nikkei fractal so far failed to repeat:

Reply
So we are going to get a massive short squeeze instead, when everyone knows about the downside risk? :D

Reply
ChartArt ChartArt
If we have a falling wedge pattern, odds would favor the bulls and explain the scenario above:

Reply
ChartArt ChartArt
The S&P 500 needs to stay inside this uptrend channel though to breakout to the upside after completing the falling wedge pattern.



Otherwise the 1987 scenario is more likely,
Reply
davec83 ChartArt
@ChartArt, yes I see that, but eventually that pattern will break downwards. Based on what I'm seeing, I think that will happen sooner rather than later. Good charts thought! I appreciate your comments.
Reply
ChartArt davec83
@davec83, I'm leaning bearish as well. I'm sharing these charts to stay objective.
Reply
ChartArt ChartArt
Related idea of a bullish reversal scenario:

Reply
davec83 ChartArt
@ChartArt, yes of course, it could turn out to be a falling wedge pattern.
Reply
ChartArt ChartArt
This could be in the future the reason, why the S&P 500 could rally even higher. If both the crash doesn't start in May-June 2018:

Reply
ChartArt ChartArt
@ChartArt, I wanted to say: If both rally.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out