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S&P 500 Index
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S&P 500 - Dot Com vs Today - You decided

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I am not saying we are in for a major correction right now, but the similarities to the dot com bubble are strikingly similar. Note that I just used the wave tool for the counting and they may not be the exact Elliott waves. There is still room to rally to match the dot com bubbles 1.3 fib ext. Given the irrational exuberance in this market we could hit 1.5 or 1.618. One thing I do know, is that when it does finally hit the top it is a long way down.

Note
Updated version to match the dot com rise in percentages.
snapshot
Dr_Roboto
DJIIVVNASDAQ 100 CFDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis

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DJIIVVNASDAQ 100 CFDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis
Dr_Roboto

Related publications

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.