Hindenburg Omen" sell signal with the MCO oscillator
Here's the "Hindenburg Omen" sell signal with the MCO oscillator. The indicator suggests not buying/going short for 30 days when confirmed, it is only is confirmed if/when the MCO is negative during the 30-day period and rejected if the MCO turns positive.
The S&P is trading well above historically fair valuations and the fed hiking rates should act as gravity to stock valuations. I expect the S&P to return to between 18 and 20x earnings. Which would be about $4000.
The S&P is trading well above historically fair valuations and the fed hiking rates should act as gravity to stock valuations. I expect the S&P to return to between 18 and 20x earnings. Which would be about $4000.
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