brianhimmelstrupnielsen

SPX / SP500 - updated SHS formation analysis

Short
FX:SPX500   S&P 500 Index
July, 31 - 2015
My first SHS formation idea, is still valid (since 2137,5 hasnt been taken out) even though is was on fewer bars in
the top area of 2137,5.
When looking from march to august, the bigger SHS seems more clear (and significant).

History tells that SHS formations are usually topping formation, and downside is to come.
Take a look at 2008 for resemblance.

So to conclude, not only a correction should come, but a genuine bearmarket.
The fundamentals for a assett bubble or debt bubble is present.

Remember, always do your own due dilligence.

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