Drop in S&P 500 building up - 1929 guides
Updated
S&P lost steam and showed instability (August 11th), lower volumes and quite some swings when approaching ATH (last 9 days)
Comparing with 1929 (by matching March 2020 low with 1929 low), the same pattern is repeating.
Now there is quite a divergence between S&P 500 and CCI (good indicator of past drops when diverging with S&P500) confirming that a first drop is coming. Looking at 1929 it will be a matter of a few days.
Stay tuned!
Comparing with 1929 (by matching March 2020 low with 1929 low), the same pattern is repeating.
Now there is quite a divergence between S&P 500 and CCI (good indicator of past drops when diverging with S&P500) confirming that a first drop is coming. Looking at 1929 it will be a matter of a few days.
Stay tuned!
Comment
Here we go! Some drop taking shape here...downward divergence doing its jobHappy trading!
Comment
EUR/USD also dropped quite sharply and now still weakRelated publications
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