Behold lads; from the height of the dotcom crash and the housing bubble the market moved sideways for ~13 years. Roughly speaking the 01 top to the 07 top was about 6/7 years, same to the recovery in 2013.We are 6+ years in expansion and facing stiff resistance. If the mass psychology of the market bakes in a rough symmetry we'd be in hot water right about now.
Presently, the yield curve 3m and 10y have been inverted for half of May 19 and the Fed don't care. Tarrifs, de-dollarization, Dollar Milkshake, foreign currency Weakness, Brexit, OH MY! We've got a triple top from Jan 18 to the present if your of your looking at a range of price action
So whats the worst that can happen? Its terribly fascinating that the 200 Monthly SMA is right where our previous resistance was. Who's to say that we wont re-test the 200M SMA? Price goes down, SMA would drift down, and we'd see if resistance has become support.
Why not edit this post to mention the awful divergences on the RSI and Stoch RSI. Once the Stoch RSI starts to run across the bottom below 20 there is going to be feeding frenzy and when the RSI on the monthly gets below 40-ish without bouncing the panic will begin as people contemplate 20 won't hold.
FerroIgnique
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@This_Guhy, Post is focused on the symmetry, the fact that the bearish divergence is on the monthly only makes it more fascinating. I also expect 45 to be a ceiling on the Stoch RSI unless things get squared away in short order.