The_Unwind

Most Expensive Stock Market In 20 Years

TVC:SPX   S&P 500
Risk is certainly on.. now.
In a very big way

The 2020 stock market as measured by the S+P 500
is now trading at the most expensive valuation,in the last 20 years.

Fact.
Forward PE Multiple Guidance for the S+P 500 is now at 22.18 Earnings.

Using this "overvaluation" historic metric,also note today
a new potential technical warning signal, given on the close today.

S+P 500 today has formed a "TRIPLE TOP
"a"potential "High Risk" Technical Reversal Pattern"in the making.

See the 11th Edition of"Technical Analysis of Stock Market Trends",
by Edwards/ Magee, for guidance/ explantation.

Note :
This potential reversal signal,has a been strongly reinforced
by the DAILY POINT and FIGURE RESISTANCE\ LEVEL, also at SPX 3155 !

THE_UNWIND
6/23/20
NEW YORK



면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.