(1) Market Valuation: 4 main measures of market valuation is signalling markets are overvalued Shiller PE ratio for the S&P 500. A well-known measure of market valuation. It is based on average inflation-adjusted earnings from the previous 10 years, known as the Cyclically Adjusted PE Ratio. The Ratio currently stands around 25, more than 50% above its mean(average).
The Q Ratio is another popular method of estimating the fair value of the stock market. The Q Ratio is the total price of the market divided by the replacement cost of all its companies. It currently stands around 1.09 , 59% above its mean of 0.68
Crestmont P/E ratio at 27.3 . 96% above its average
The Buffet Indicator: Market Cap to GDP The indicator remains over 2 standard deviations above its mean, currently around 128%.
(2)Risk-off Environment Junk bonds which are a great measure of market sentiment has been lagging in recent months, and breaking down.
Technical Breakdown (3)Long term rising channel was taken (4)12-month average was taken (5)Bearish divergence on momentum
To be continued... My best regards Technician Subscribe to my trading portal thefxchannel.com
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FullTimeTrader
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Expected this one also from a different perspective. The correction was inminent
Technician
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Great trade buddy.. Been waiting for this for a while as well..
Mirandole
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I didn't expect it will be so strong and so fast :
Technician
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Yeah extreme moves, algorithmic trading buddy
ionication
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I'm curious to read part two but it seems to be "hidden for violating one or more of TradingView's House Rules."
Will_Wong
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Hi, Technician, would you agree with me that starting from March 2009, we have just completed wave 3 and is in the process of seeing wave 4 unfold? That being said, once wave 4 is complete, we should look for a final wave 5 blowoff before the Big One?
A 68.2% retracement should take us to 1418 although a 38.2% retracement for a wave 4 seems more reasonable and that should take it down to 1732.
dionvuletich
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Beautiful article btw... very nice observations why it hasn't got 100+ likes I do not know....
Technician
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:) .. I appreciate your gratitude.
dionvuletich
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Yup, shorted this at 2104.5 with a 4 point stop, hit 2x targets already and looking for final target just above 1700
Just entered another order to short I think around 2024 from memory...? not at platform so can't check.. getting into selling rallies mode