Looking at debt levels, employment levels, real estate trends, market cycles, overall exuberance, future FED policies etc. I am bearish for the markets, SPY should at least hit prior resistance of around 155.
Please feel free to comment I would be happy to discuss this idea.
Out of curiosity, what sources do you use to look at those levels?
TOMLCRYPTO
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@Neogenesist, If you're talking about timing, I'm looking at historical market cycles, 10 years without a recession didn't happen often throughout history. Consumer debt is through the roof, about 50% higher that what we had in 2008, debt which is subprime and it is estimated that 7 million Americans will default during 2019. QE4 is over and the FED is about to raise rates. The employment levels are similar to what we saw in 2000. Central banks are stocking up on gold. Add to this the worldwide slow down of the economy and I believe we have some kind of a bearish signal.
The levels are just here in comparison to anterior boom bust cycles both in proportion and timeframe and I believe it is quite conservative
PlayerInvictus
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@TOMLCRYPTO, Although most of the companies are now giving weak guidance, we still do have a pretty stable economy - slowing down but nonetheless growth. Though im with you on recession and bearish signals.
dRends35
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I'm going to call this the 'Lochness Monstor Bubble Fractal'
dRends35
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Price should retrace into ge territory of the Nessie humps