shlomokatz11
Short

This all looks similar to 2011, but its not.

FX:SPX500   S&P 500 index of US listed shares
174 1 2
GAH! Is the start of the '09 trend breakdown?!?
Weekly chart shows many similarities to 2011 in terms of price action and testing the trend. HOWEVER, MACD and RSI action is not the same at all, our patterns being way more bearish than in 2011 and more closely follow 2000 and 2008 crashes. On the Monthly they don't look similar in price action or MACD/RSI action. 2011 was also the start of a 4 year uptrend that broke in August '15 and we've already given it the famous "kiss goodbye" (retest + fail). Also, there are many underlying Macro-fundamentals that are driving this sell-off ( commodities , oil             , China's economy and FX shenanigans, High Yield Credit markets, etc...), where as, in 2011 there was only one thing (U.S debt ceiling debacle).
there was also greece in 2011, but totally agree
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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