S&P 500 IndexLong
PMI index says we have more room to grow on SPX
According to US ISM Purchasing Managers Index PMI, we still have some time before a market crash.
Are we in April 2007? See what happened at that time. The PMI looks very similar also.
If this is the case, we still have a couple of months of a bull market before a crash.
Also, pay attention to the SPX MACD.
In 2000 and 2007, the MACD was already in a downward trend or had flattened considerably.
Right now, SPX MACD is still rising like crazy. No flattening yet.
Are we in April 2007? See what happened at that time. The PMI looks very similar also.
If this is the case, we still have a couple of months of a bull market before a crash.
Also, pay attention to the SPX MACD.
In 2000 and 2007, the MACD was already in a downward trend or had flattened considerably.
Right now, SPX MACD is still rising like crazy. No flattening yet.
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