S&P creating topping pattern like 2000 & 2007?

Sharing is Caring!

by Kimble Charting


Did the topping patterns in 2000 & 2007 have anything in common? Yes!  While the S&P was hitting nominal new highs in 2000 & 2007 at each (1), monthly momentum was actually heading lower at each (2).

See also  New bill seeks to ban federal government from creating a vaccine database

Of late the S&P is hitting new highs, while monthly which was recently higher than the 2000 & 2007 peaks has been turning lower.

Odds of the S&P repeating the 2000 & 2007 highs? Low!!!

See also  How government created the 08 market crash and is creating the one we’ll see in 2022

Impact if it would be topping again? High

Bulls might want to keep a close eye on what the S&P does in the next few weeks due to momentum turning lower!


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.