As you can see there is a big long term reversal ahead on SP500. The recent rise looks very very weak, there are bunch of bearish divergences on the weekly chart. And now it's becoming obvious that the trend is finally gonna reverse in 2016.
Some historic EW counts (not presented on this chart) say that this will not just be a temporary correction. This will be a reversal of the century. Looks like the whole US (and possibly the world's) economy gonna melt down.
Economic crisis first, mass protests later, big wars in a few decades. Let's short the world.
Some historic EW counts (not presented on this chart) say that this will not just be a temporary correction. This will be a reversal of the century. Looks like the whole US (and possibly the world's) economy gonna melt down.
Economic crisis first, mass protests later, big wars in a few decades. Let's short the world.