Friday, February 19, 2016

Are we facing a 2008 like melt down in the markets?

Examining the chart below, it appears the market (SPY) is displaying a pattern similar to the year 2000 and 2008. First we can see a topping pattern, and we can also clearly see the candles getting longer, implying an increase in volatility as was evident on those other two occasions. If it turns out to be true I believe we could see the market drop to the 130 level on the SPY. When will the drop happen is not something either I or anyone else can predict.

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