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GlassOnion

Help with pattern.

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Hi all

 

See the attached monthly chart of the S&P500. This chart pattern seems to be an expanding triangle many say it only occurs at the end of major trends. Any triangle experts out there have any views.

5aa711e6a8340_SPMonthly.thumb.png.8d2da5a858c82df22c136cc3611df873.png

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Going back over history, you'll see similar patterns have repeated. Take the 1970's for example. SPX_1970s - StockBuz We saw a similar setup. What matters is the direction of the trend break. Ask yourself; have people stopped putting money into 401ks (?). Are business and credit collapsing? and you can guess the ultimate direction. Sure, shorter term moves may see corrections (buying opportunities) but the trend is still up. spx-1970s

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Hi all

 

See the attached monthly chart of the S&P500. This chart pattern seems to be an expanding triangle many say it only occurs at the end of major trends. Any triangle experts out there have any views.

um...yes ....imo ..time for a big move south...pattern says major trend reversal ....bulls will be crying..i myself would count on it...south is the direction..imo...

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um...yes ....imo ..time for a big move south...pattern says major trend reversal ....bulls will be crying..i myself would count on it...south is the direction..imo...
well patuca you were right....

 

Thanks

 

Patuca

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