SPX: Strength-adjusting reveals impending dump
Updated
Chart of SPX price accounting for USD strength and appreciation/inflation (not sure which term is technically correct). Reveals completed massive HS pattern in conjunction with infamous Bart pattern - ups and down akin to Bart Simpson’s haircut that precede a dump.
This corroborates my previous SPX bearish idea, which is based on a formula I developed for approximating SPX Bull and Bear markets since circa 1986.
This corroborates my previous SPX bearish idea, which is based on a formula I developed for approximating SPX Bull and Bear markets since circa 1986.
Comment
Update for EW fans.
Comment
In a Fib channel.
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.