SPX500 Massive Multi Year Head & Shoulders Top On The Final Turn

FX:SPX500   S&P 500 Index
I've been watching this massive multi year 'head & shoulders top' take shape since the bounce at 1833 in August, after that big reversal that forms the 'head' at 2137. After today's sell off it's bearish potential should be undeniable to most. Considering the massive amounts of credit that have fuelled this bubble the debt deflation that will force the coming sell off should nothing short of frightening. Trade carefully.
Just an update after last sessions mini head & shoulder top (pictured below), that actually forms the apex of the right shoulder of the massive multi year head & shoulder top (shown in the main chart) confirmed with predictable effect. Moreover last sessions price action also saw the SPX500 slip into the red for 2015... yet again. Considering the TA fundamentals this presents, I have a feeling we won't be seeing positive territory again in 2015 & have set 2016 up as a debt defining year in this business cycle.

& detailing that the SPX500 is yet again in the red for 2015:

Do you see any correlation between this and BTC?
ZIRP has allowed credit fuelled speculation across a wide variety of assets. Even the QE programs helped fuel Gold's 2011 ATH. So I can easily imagine unsecured credit from low rate credit cards, personal loans & overdrafts making it's way into Bitcoin's price cap. But like gold & other forms of sound money Bitcoin should act as a safe haven asset when a big bearish reversal in stocks & shares gets a move along. But no one really knows yet because of Bitcoin's short 6 year history.
Detail of the breakdown in price last session:

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out