Hindenburg Omens in Stock Market
Have a look at the constellation of Hindenburg Omens in the stock market recently (source mcoscilator.com).
With these many signals, one might want to be careful with the investments in stock market.
Here is a slightly longer term chart. This chart shows that when the number of these omens spikes above 10, there is usually a significant decline in the stock markets.
What do you guys think? Are we going to see a +10% drop in the stock market over the next 4 - 8 months? Share your comments below, and I would be glad to upvote the meaningful ones.
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