A long term top, extremely overbought
A 38% correction will take us to the 2000 and 2007 tops expect more than that, look at 2003 and 2009
Note
I still think this is true, but the landscape is littered with the bodies of the contrarians who tried to short this BS. There is no sound economic reason for the market to go up with our national debt, but the Billionairs who own the casino don't care about that... The Bilderbergs have met in secret every year since 1954 and they pinky swear they don't manipulate the markets ;p
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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.