When Will This Crazy Charging Stock Market Bull end?
Why has this Crazy Bull Market defied the expectations of all the so-called Experts?
The proverbial question for many years has always been; when will this crazy bull end? By every measure of logic and or common sense, this bull market should have crashed years ago. However, it hasn’t, and much to the angst of many professionals continued its march upwards against all the odds. We would like to stop here and state that this market is now very close to trading in the extremely overbought ranges. A market can trade in the overbought ranges for an extended period. In this instance, we analysed monthly charts, where each bar represents a month’s worth of data. Historically, a market has experienced a correction within 5-10 months from the occurrence of this event. As of yet, the markets are not trading in the extremely overbought ranges on the monthly charts, but they are very close to moving into this zone.
One of the culprits could be the emotional state of the masses. There is something almost irrational occurring in terms of this crazy bull market; the higher it trends, the more anxious individuals come. It almost does not make sense as the opposite of this is what normally takes place. Were we not experiencing this first hand, we would find it almost impossible to believe such an event could occur.
Principal at JS Trading LLC
7 年the spx is barely higher than it was in March. First tell me where the crazy charging market is, then we can figure out when it will end