Like the Philippine Phisix, the evolving chart patterns of major US equity market bellwether appear to be on path to validate my prognosis.
Below is the imminence of the transition to the ‘golden cross’ by the Dow Jones Industrials (INDU).
The S&P 500 (SPX) will likely follow the Dow Industrials soon
This serves as further evidence of the dependability and reliability of the study of human action (methodological individualism or praxeology) in ascertaining price trends of the marketplace.
As I have repeatedly been emphasizing, contrary to popular opinion, patterns don’t drive prices, human action does. I questioned the efficacy of the current ‘death cross’ pattern here
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