brian7683

PMI index says we have more room to grow on SPX

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SP:SPX   Índice S&P 500
According to US ISM Purchasing Managers Index PMI, we still have some time before a market crash.

Are we in April 2007? See what happened at that time. The PMI looks very similar also.

If this is the case, we still have a couple of months of a bull market before a crash.

Also, pay attention to the SPX MACD.
In 2000 and 2007, the MACD was already in a downward trend or had flattened considerably.
Right now, SPX MACD is still rising like crazy. No flattening yet.
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