SPX/USOIL Presenting A Market Signal?
Patterns present themselves in the strangest of ways. Sometimes they mean something and other times they mean nothing. There is a fine line between pattern and coincidence.
Here is the S&P-500 with USOIL to compare previous cycles. As the chart presents, each time there has been a significant deviation from the current trend in USOIL it has resulted in a Recession. I have marked the last 3 times in the chart. In total it has happened 6 times since the 1970s.
We are merely down 14% at its bottom in comparison to 20-50% in the past.
Pay close attention to each divergence shown in the chart.
Is this time going to be different?
Here is the S&P-500 with USOIL to compare previous cycles. As the chart presents, each time there has been a significant deviation from the current trend in USOIL it has resulted in a Recession. I have marked the last 3 times in the chart. In total it has happened 6 times since the 1970s.
We are merely down 14% at its bottom in comparison to 20-50% in the past.
Pay close attention to each divergence shown in the chart.
Is this time going to be different?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.