It is easy to recognize a pattern. This is a function of cheap monetary policy that artificially boosts asset prices and ultimately is not sustainable. Good Luck out there.
Does anyone think we just completed the head and will be forming right shoulder over the summer to complete the formation. Looks very similar to 2007 and 2011. Just throwing it out there and hoping for feedback.
For the last two bull markets and bear markets the MACD has correctly predicted a change in trend. Will this time prove to be any different and once the flattening of the curve finally crosses in the months ahead will we not experience the same types of draw down from these extremely overbought conditions? Any feedback is more than welcomed!!
