UK 09:48 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Technical analyst Michael Oliver argues that the US stock market is approaching a major top, characterized by a “broadening top” pattern that suggests an impending decline. He believes the market’s upside is not to be trusted, with technical momentum indicators showing weakness in major indexes like the S&P and NASDAQ. He argues that the current market represents a bubble, particularly in US markets, with an unprecedented 15-year bull run and a 19-20 fold increase in the NASDAQ 100.
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