Top of 7 years of bull market signal on SPY (SP500)
SPY signals very possible end of 7 years bull market.
Connect the 2 monthly highs of 2007 just before the financial crisis broke out,
with a trendline, and see it get hit by the top of 2015, followed by a year of topping out on SPY/SP500, and then, last week, on the 13th December when it was hit the 4th time.
This also marks what i believe could be the 5th leg of a EW move.
So 2017 could be "welcome to the bearmarket".
A coming/luring crisis in the bond market could serve as first trigger.
#SP500 #debtcrisis #assetbubble #currencycrisis #zeroprocentinterestratefortoolong
#dontsayididntwarnyou
Merry X-mas and a Happy New year :-)
Connect the 2 monthly highs of 2007 just before the financial crisis broke out,
with a trendline, and see it get hit by the top of 2015, followed by a year of topping out on SPY/SP500, and then, last week, on the 13th December when it was hit the 4th time.
This also marks what i believe could be the 5th leg of a EW move.
So 2017 could be "welcome to the bearmarket".
A coming/luring crisis in the bond market could serve as first trigger.
#SP500 #debtcrisis #assetbubble #currencycrisis #zeroprocentinterestratefortoolong
#dontsayididntwarnyou
Merry X-mas and a Happy New year :-)