Two previous time periods had very similar price patterns in the stock market along with tax cuts. The following charts show those two periods and the similar price patterns in the stock market.
So far 2017 was a solid up year just like 1963 and 1985. With interest rates on the rise and the 10 Year Bond Yields pushing higher, we may get that long awaited 5-10% correction that we have not had for almost two years.
In addition the LT Picasso Cycles (Posted by JustSignals) have been suggesting a mid year low for 2018.
"So far" this all seems to fit.
Let's watch our indicators carefully for any changes in stock market trends.
If this scenario continues, then we may have a high in 2019, similar to the highs in Jan1966 and Aug1987, before the next big correction or bear market.
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This
has been posted for Educational Purposes Only.
Do your own work and
consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
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