Market At Top! There we go! will we go for a Major correction, yes or non? if yes soon? or will market keep going and create new highs every day?I wish I can have a 100% answer to this question. I'm working on few stuff on long term. I will share with you in futures. For now, let's see what is going on in Market. I will use S&P500 Index on Ninja Trader.
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S&P 500 Monthly[/caption] Market at Top
S&P500 Index Monthly Chart : On this chart, you can see we are at tops of 2000 and 2008. I have few double top here. is not easy to say witch exactly will work more than other one. But I put those 2. 1st ~1522 and 2nd , ~1564 .don't use this as "precise targets" . For now, notice we are to far of MA50 and MA200. We getting almost same pattern as 2000 and 2008 correction. I don't really have much to say about monthly chart, but it's always good to look at big picture, at first of the months. [caption id="attachment_6228" align="alignright" width="150"]day trading course
