I've been overlaying some stuff on SP500 charts - long term...

I've been overlaying some stuff on SP500 charts - long term stuff.

Firstly, 10Yr/Monthly chart of the SP500 - bearish rising wedge. (I'm not the first to show this.) Getting to the pointy bit.

Now the 5Yr/Monthly with an Andrews Pitchfork. Close to a break below the lower tine.

Now the 5Yr/Monthly with a Standard Error Channel (and a bit of phase stuff):

Basically what the three charts indicate is a slowing in momentum. Rule: momentum must slow before direction can reverse.

The timing arrows on the third chart suggest a 15 month phase - which would make next month a possible low. Fire works might start then if the up trend is broken (see first chart). Simple timing phases like these are not all that reliable. They work until they don't. Just something to note.

This might be like the Mayan Apocalypse thingie. A dud. Not a single zombie let alone the End of the World. :)

Redbacka