The situation with SP-500 is very similar to the situation in 2008. After the strongest correction had happened. We had updated the new peaks, and only after that, the index began its falling.
The bearish divergence is also similar, although I'm not certain we'll be making a new high as high as 3800, perhaps 3300, otherwise the divergence on price action will fail. Who know's. One thing is clear, the divergence currently in play is almost 2-years wide compared to the relative short 6 months of 2007. This suggests are much longer/deeper downturn.
I don’t know. It’s hard to say. We could pull a japan and go straight up in the air for 4 years and then never fully recover
agautam7041
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This also coincides with Feds saying that they will increase the interst rates around 2022. That is where people will pull a huge money out of stock market. Please correct if wrong. I am a newbie. Good analyst
investments4freedom
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Yeah looks like this next stimulus package may give one more push up, but as tech is getting so overstretched looks like momentum is fading. Capitulation maybe happening