/biz/ - Business & Finance

>>11477062

For the indices, 2008 was actually worse than the millennial tech pop. Deeper drop, anyway. Faster recovery.

Take a look see here at the patterns historically made at the peak that lead to recessions. Your major bearish indicator is a price range hovering at the high for some time (few months) and unable to break it. If you zoom in the weekly and daily charts of these peaks you will see double/triple tops and head & shoulders patterns. None of these things have happened yet. The indices are still due for a significant bounce, the peak of the bounce will determine the likelihood of trend reversal; ie, lower high = bearish, higher high = bullish continuation. You start going short when the bulls can't set a new ATH despite trying their best repeatedly.