S&P 500 IndexUpdated Weekly 'composite index' RSI signals sell - 2000 repeat coming?
Combined market indices divided by DXY has accurately signaled market expansion and contraction for more than 30 years. In the 'Internet Bubble' timeframe, although a RSI sell signal occurred, the market regained lost ground in 2000 prior to a multi-year sell-off. We see a similar run-up, sell signal, recovery now.
Is this time different? Or will we see a decline beginning January-February 2025.
Is this time different? Or will we see a decline beginning January-February 2025.
Trade closed: target reached
Although we initially followed this pattern, we have broken out of the pattern for a new ATH on this chart.
Note
Watching this closely... it would have be a sizable pullback to drop back into the red box. Possible but not likely.
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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.