Please look at 30 year S&P chart !!
Now i am a Tech trader and the " M " pattern is usually VERY BEARISH................coupled with the MACD ................USA to collapse ???
This thread is hilarious.
The US may collapse, who the hell knows, we could argue that all day long. But if it does collapse, however, it will have had NOTHING to do with that chart. Sure a few people might want to sell a break or something, but holy shit those few aren't going to decide the economic status of my country. No sir. The chart might go down because the economy collapsed. But the economy will not collapse because the chart went down.
My old trading friend and I are pissing our pants laughing right now at the look of this...
This thread is hilarious.
The US may collapse, who the hell knows, we could argue that all day long. But if it does collapse, however, it will have had NOTHING to do with that chart. Sure a few people might want to sell a break or something, but holy shit those few aren't going to decide the economic status of my country. No sir. The chart might go down because the economy collapsed. But the economy will not collapse because the chart went down.
My old trading friend and I are pissing our pants laughing right now at the look of this...
) and they are pretty useless without (at least) 2-3 other confirmations. Double tops/bottoms doesn't need to be a sign of ended trend either, it could be the very opposite in my experience (not trying to analyze your chart here, just a note).
