Stock market chart analysis, 8 Sep 2018 [YouTube]
Dear Steemit friends,
Have a look this analysis of the stock market (S&P 500) and see if the market is stretched a bit too high over its 50-week moving average.
In my opinion, there is about 60% chance that the stock market might decline over the next several weeks. However, as you see, the likelihood of this decline is not very high. If the S&P 500 moved back above 2900, then that would negate the chance of a decline in Sep - Oct.
What do you guys think? Share your opinion in the comments.