SPX500. Unable to climb higher than 2144. Now reached 61.8%. And is likely to fall. Down to the trend line. It can happen to 1680. Also in terms of time. The trend can be changed.
Comments
Futuraman
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Once there was this little chicken that felt something hit his head and ran around saying "the SPY is falling, the SPY is falling!" but it was just a raindrop. I wish I had a hundred dollars for every time that I've heard that the market was topping in the past 5 years...
LastBattle
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linear regression :) keep things simple... we're breaking it
UnknownUnicorn196349
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The stock prices rise and fall based on future growth expectations. You can't correctly predict the future based on past history. Personally, I see the stock market as a living organism. When a virus causes infection, the body reacts intensely. However, after immunity is developed, the same virus cannot cause disease (in this case, sharp falls in stock market). In my opinion, only an unexpected factor can cause the stock market fall. Also, after 2007, look at large drops: mostly are seasonal (winter conditions) and ends in summers. I am still optimistic.
Realisto_FX
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Another perspective aligns with your idea
dionvuletich
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that is a cool chart...
moneymaking
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Hey Zar, nice analysis. I just wanted to confirm that this is a daily time frame, correct. I don't know why there is "2" in front of the daily (D) symbol. Little confused.
ZarNegar
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Hi money...
Time frame of one day or two days is not very different.
I just wanted to analysis in the chart smaller.
Therefore does not difference
moneymaking
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Awesome, Thank you for the clarification. Good Luck mate, Enjoy your weekend :)
dionvuletich
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Yeah I agree with you ZarNegar
SharifAzadeh
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61.8% of what, compatriot?
The last time I checked the chart, S&P was in no man's land territory. It is in all-time high levels.