smalltyme

I added an extra line to the topside of the chart and yes, it's at that point where I fear what might happen.

This chart is based purely on technicals from the crash in '87. I'm amazed how consistently markets "mean revert". With no consideration of fundamentals, I think the over extension is happening because of the over correction in '08. No matter how you look at it though, the next crash will be bad regardless of when it happens.

People like to focus on the S&P but it seems to me like we're heading for a move similar to August 2015, but who am I to tell the future. Your insights and analysis are welcome :-)

Putting this here for future reference.

Everybody else looks at the S&P 500 and the DOW, but I like the Russell 2K. Here are the short term support and resistance levels I've been using. By the way. While those "other indices" made new highs, the Russell 2K never did. 2015 was it's peak.