As I noted in my last analysis, which hardly be able to attract readers, at the time of swelling global indices all around. I tried my best not only to explain the possible technical indications in the weekly charts but also tried to explain the basic phenomena that every market crash occurs skeptically at the time when majority of the investors or traders feel too busy to joy the rides of market swings. Secondly, most of the World’s Indices are heading for a voyage towards a Crash Zone and seem to be waiting for an excuse to bust a bubble, before economic erosion.
On analysis of the geo-political scenario on November 9th, 2017, I find the eruption of too many such excuses have started to glow their reflection upon the movement of major global indices during the last few days from Saudi Arabia’s anti-corruption purge to U.S. President Mr. Trump’s latest statement on North Korea.
On analysis of the movement of major U.S. Indices : S&P 500, Nasdaq and Dow Jones 30 futures, I find an emergence of an important fluctuation signal in the Weekly Charts, which has always been an advance signal before every market crash historically. Secondly, having a re look at the same weekly chart patterns which I noted in my last analysis makes my thoughts to ponder around the probabilities of a market crash very soon, most probably from November 13th, 2017 to February 22nd, 2018. No one knows which excuse the upcoming market crash would prefer to take first. But, once thing is definite and that is the sliding tremors of the crash will continue to be felt at least till one year after the crash. Best advice is to sit with cash till the nice opportunity comes for long time investment.
Disclosure: This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.