brianhimmelstrupnielsen
Short

SPX500 monthy top since 2008 - correction on its way?

FX:SPX500   S&P 500 index of US listed shares
148 3 1
I'd like to share my toughts on this, and I'll be happy to hear yours.
Chart inkluding MA's, BB, RSI , Stochastics RSI and my own MA200_DIFF_PERCENTAGE, which is basicly the "kairi" indicator a bit modifyed. It shows the distance from the current Price to the MA200.
Even though you can't see the Whole chart, you can still see the top of 2007/2008 and now Again in 2015.
As pointed out, the RSI is at the same level as in 2007 before the crash, and has even hit the top of RSI a Whole 4 times since 2014!!
My MA200_DIFF indicator suggests that unless we're taking out the 62,52 level, we must be in for a correction.
Furthermore it looks like (but not certain) that another SHS             formation is forming, like back in 2008.
My concern though is the current level of stochastics RSI , but if that becomes embedded, the correction gets more likely.
In 2007-2008 there are 5 closing candles at resistance level before crash. Present day we had 2 so far.
Could this be the "asset bubble" ? ( stocks moving too high, because interest rates are to low, with small returns)
This is my first chart here at TW, so be gentle :-)
Sorry for the Danish Words, but I guess you Guys can read the chart anyway... :-)
Please share your thoughts...
B.
Extra comment: Multiple QE's from the FED, pumped market to unrealistic high?
Reply
Corrections is only on is way when the fed controle but I think it is time to have corrections after so artificial lift from the Fed and the centrale bankers. ....I think end of juni or July if not the fed will postpone again ....
Reply
The fed controle vix normale the vix have to be 18 to 22 dollar ?? On a normale market in history 35 years the fed keep it unrealistic low the fed push 3 trillions dollar in system already 8 years ... They say they have left Qe is not true their programme still on till maybe June or July I think you can see it on one thing the future always 3 of 5 days in green on sp 500 this the real game
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out