Does Technical Analysis actually work??
According to the Efficient Market Hypothesis, the stock market moves randomly and hence, cannot be predicted.
However, this chart challenges the assertion of the Efficient Market Hypothesis that no strategy can consistently outperform a simple buy-and-hold investment in broad stock averages over time, as well as, that stock market movements cannot be predicted.
Elliott Wave Theory suggesting a huge collapse in the global stock market!!
EWT Assumptions:
1- Completing Wave 3 Grand Supercycle Degree
2- Fibonacci Time Spiral since the USA Constitutional Convention suggesting a top to form in 2021
3- Target: $600 area
The 1m question here: WHAT WILL CAUSE THIS TO HAPPEN??!!
GOODLUCK!
According to the Efficient Market Hypothesis, the stock market moves randomly and hence, cannot be predicted.
However, this chart challenges the assertion of the Efficient Market Hypothesis that no strategy can consistently outperform a simple buy-and-hold investment in broad stock averages over time, as well as, that stock market movements cannot be predicted.
Elliott Wave Theory suggesting a huge collapse in the global stock market!!
EWT Assumptions:
1- Completing Wave 3 Grand Supercycle Degree
2- Fibonacci Time Spiral since the USA Constitutional Convention suggesting a top to form in 2021
3- Target: $600 area
The 1m question here: WHAT WILL CAUSE THIS TO HAPPEN??!!
GOODLUCK!
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Daily Chart
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EDT
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RSI Monthly Chart Challenging a Major High!!!
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Long Term Targets for a TOP!
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There is two months divergence with the VIX! This is big!!!
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