Aside from over valuation and technical break downs a major stock market top appears overdue in 2016 from the convergence of long term market cycles. Have a look at the long term 21 year stock market cycle (#stkmktcyl) that is scheduled to conclude in 2016 highlighted in silverdoctors.com:
In addition shorter 7 year market cycles are also scheduled to resolve in 2016. The chart below from silverdoctors.com shows a broadening top #megaphone pattern in the S and P 500 with the S and P at the top of the pattern.With short and long market cycles both resolving in 2016, a topping process globally in risk assets is likely in the next few months with the S and P eventually migrating to the lower line of the pattern below the 650 mark:
In addition shorter 7 year market cycles are also scheduled to resolve in 2016. The chart below from silverdoctors.com shows a broadening top #megaphone pattern in the S and P 500 with the S and P at the top of the pattern.With short and long market cycles both resolving in 2016, a topping process globally in risk assets is likely in the next few months with the S and P eventually migrating to the lower line of the pattern below the 650 mark:
Market cycles indicating major top in? http://t.co/NqNf6NXrTf pic.twitter.com/Ca9EVuOtRE
— samuelR (@RajveerRawlin) September 6, 2015
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