BradMatheny

Nice Deep Price Divergence : Custom Global Market Cap Idx

Long
This, my custom Global Market Cap Index, is showing very good signs of a market bottom setting up. We still have to wait for this bottom to confirm, but the early indications are that this move lower just before Christmas was likely a "washout" low price rotation that will prompt a decent price bottom setup.

I've been searching through my charts and my other indicators for signs that we have reached a near term price support level. I will be posting TWO charts today. This one and my Custom Market Cap Index (which is similar to the Buffet Indicator in some ways).

Get ready for a really great 2019 if my analysis is correct. The US markets are setting up in a very unusual "price anomaly" pattern that could prompt a 10~14% upside rally when this breaks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.