This shows a longer term view of the sine waves in S&P 500 chart, SPY ETF. This is a private idea. I will do a separate idea on a closer view. The time frames that I see here are different than QQQ -NDX Nasdaq 100, but more importantly, it may still be helpful info for the NDX too. There is a 9 year long term zone which is not shown. The green long term zone likely ends between October to December 2018. The shorter term Green zone on this chart ends at the beginning of November 2018. My conclusion is that the market could reach its peak by November actually. Still possible for the peak to be between October 2018 to January 2019. In the near future, we are still in a bit of a red zone, we should expect a short term decline. After June it should pick up though.
Bình luận:
