S&P 500 INCREDIBLE FRACTAL - 1987 vs NOW

S&P 500SP

Description

⋅ Apr 20, 2018 4:34 AM

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

⋅ Apr 20, 2018 4:52 AM

*** Not intended as trading advice. Just an observation.

Comment

⋅ Apr 24, 2018 6:07 PM

This could be playing out right now...

Fractal S&P 500 (SPX500)

Comments

ChartArt

⋅ May 1, 2018 12:06 AM

The Nikkei fractal so far failed to repeat:

ChartArt

⋅ May 1, 2018 12:01 AM

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

ChartArt

⋅ May 1, 2018 12:35 AM

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

ChartArt

⋅ May 1, 2018 12:41 AM

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,

davec83

⋅ May 1, 2018 1:56 AM

@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.

ChartArt

⋅ May 2, 2018 10:01 PM

@davec83, I'm leaning bearish as well. I'm sharing these charts to stay objective.

ChartArt

⋅ May 2, 2018 10:00 PM

Related idea of a bullish reversal scenario:

davec83

⋅ May 3, 2018 12:34 AM

@ChartArt, yes of course, it could turn out to be a falling wedge pattern.

ChartArt

⋅ May 4, 2018 12:57 AM

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:

ChartArt

⋅ May 4, 2018 12:58 AM

@ChartArt, I wanted to say: If both rally.