Wake Me Up When September Ends

Inflation? Recession? War? Covid?  Are these the factors that causing the stock markets going south since the beginning of 2022?

Where is the bottom?

Let’s look at it from the technical analysis perspective.

Below are the weekly charts of S&P500, HSI, CSI 300, and KLCI.  All of them are exhibiting MACD divergence trending.  If the MACD does not make new low and manage to pull upwards in the coming weeks, this will confirm the divergence (please refer to previous articles for details, Read more here).  The market might stop plunging and possibly move upwards.

Time to wake up?  Good luck, have fun!

Chart 1 S&P500 Weekly Chart

Chart 2 HSI Weekly Chart

Chart 3 CSI 300 Weekly Chart

Chart 4 KLCI Weekly Chart

Disclaimer:  The above analysis does not imply any buy or sell recommendation.  The author disclaims all liabilities arising from any use of the information contained in this article.