a typical bull
trend consist of 3-5 MACD
crosses. The final one is in full view and MACD
has already made a double top
. The end zone has been clearly defined. We have already passed 16 candles since MACD
crossed down; there is another 10 more bars for it to cross up again. Long story short, the next time you see MACD
cross on the monthly chart, it most probably will be a touch and go kind of thing. It is currently July 2016 so Summer of 2017 will not bring anything good. My take is that the market WILL NOT COLLAPSE till the SAUDI had their IPO
. GOD bless those sovereign funds that buy into this nonsense.