If SP closes below 2000 by next Thursday, get out of the market. This could be another market melt down is in making just like 2008. The huge uptrend is already ended in 2015, this is just a consolidation at higher level. The bear market starts when SP closes below 20 month MA currently right at 2000.
评论
BBII0721
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nihao!
TimZhang
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Friday's action shows the weakness of this market. Bull and bear only have 50 points difference. With 200 day MA and 20 month MA on the line, a lot of uncertainty ahead, even it's 100 points from 52 weeks high, not the time to chase in this high consolidation area, people bought here will regret a few years later.
TimZhang
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For Monday to Wed, market is likely to bounce to 2053-2072 area, but have to watch if it closes below 2000 by Thursday.
Andy.li
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how low is SP500 do you see?
elp
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what is the name of the trend signal indicator at the top of your chart?
TimZhang
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It is market trend indicator. Clearly, for long term, we have seen the top, next few years are hard to see new highs after this pumped up consolidation by lower interest rate.
my12168
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Thank you so much! Next week will be critical then.
my12168
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Thank you so much! Next week will be critical then.