Stock Market Top?
Lots of chatter about a stock market crash this Fall so here is my 2 cents.
https://surfcity.co/2018/09/29/stock-market-top/
Lots of chatter about a stock market crash this Fall so here is my 2 cents.
https://surfcity.co/2018/09/29/stock-market-top/
crazy, was just looking at that too. FANG stocks precarious especially FakeBook
Decent chance of an SPX top in Oct or Nov.
Most likely, IMO, a higher degree 3rd wave top, that ends the rally from Feb 2016.
Dalio might be right. 7th inning.
My work needs further (negative) divergences, at higher degree, ahead of a final top.
Just like PMs still need positive divergences at higher degree.
Stock market up following midterm elections 100%(all the time) from last 60 years.
Expecting a final blow off top next year, the top may be 40-50% from current levels.
https://www.marketwatch.com/story/heres-how-stocks-perform-around-midterms-in-one-chart-2018-09-11