The moving day average, MACD and RSI are all at the point where they could be a great buy or sell before the real storm moment.
I think the best metric to go by is RSI. With one week candles, before this highly central banking driven market ('08 onward), any time the RSI was around 30 was a buy. Now you are looking at RSI 15-20 being your buy.
The MACD moving average looks like it has more to go down. Comparing it to the Christmas '18 correction it looks like this has about 1 month more to go down.
I am steadfastly waiting for 15-20 RSI as the buy signal. Just wish I bought more bonds when they were cheap. The level of economic growth, millennial woes, rustbelt decline etc. don't warrant these stock prices. It' going to have to hit real lows to clear out the most exuberant and reckless investments of our lifetime.
I think the best metric to go by is RSI. With one week candles, before this highly central banking driven market ('08 onward), any time the RSI was around 30 was a buy. Now you are looking at RSI 15-20 being your buy.
The MACD moving average looks like it has more to go down. Comparing it to the Christmas '18 correction it looks like this has about 1 month more to go down.

I am steadfastly waiting for 15-20 RSI as the buy signal. Just wish I bought more bonds when they were cheap. The level of economic growth, millennial woes, rustbelt decline etc. don't warrant these stock prices. It' going to have to hit real lows to clear out the most exuberant and reckless investments of our lifetime.