Dow Jones + The rest of the world

14 thg 10, 2018

These are my views on why the Dow has probably topped out.
All markets tend to follow the US markets which is why a crash in the Dow Jones will likely result in a crash worldwide.
My arguments are presented below:

FA:
- Longest bull market recorded in history
- US debt is worrisome +21B debt (dollar in trouble?)
- Private debt ATH (particularly US student loan debt is worrisome)
- Enormous geopolitical concerns (need I specify?)
- Severe overvaluation of stocks
- Interest rates have been on a steady rise
- US imposing Tariffs

TA (see chart):

-Fibonacci resistance fan is hit every time a major crash has occurred since the crash of 1987 (confluence - see below)
1. Big Volume drop
2. RSI massively overbought (usually happens before crashes, see the downward trend)
3. VIX topped out (usually does before crashes)

This is not financial advice - DYOR
Yours truly //Pman

27 thg 10, 2018

Ghi chú

Typo US ~21Trillion in debt. Of course :)