URGENT PUBLIC SERVICE ANNOUNCEMENT: US Markets had bottomed!! Rare 5-10years chance to buy good quality stocks that will 2x-5x in next 5-10years

 Dear readers,

This is a public service announcement as the market signal of a bottom has appeared. 

The signal I'm referring is the RSI indicator on the weekly time frame. This signal, when it gets near or preferably below its 30 line indicates the stock or market is oversold. The bottom signal appears when it tick up when the stock or market make the first weekly gain that signalled a bottom has been reached.

Combined with other indicators such as long term moving averages (MAs) like (100, 150, 200) helped to establish the depth and key areas of support / resistance based on these long term MAs.

Lets take a look at the major indices like S&P500 & Nasdaq.

For S&P500 (SPX), RSI only went below or touched 30 oversold line 3 times in past 5years. The RSI tick up marked the reversal in the previous 2x, so what about this time?

For Nasdaq (NDX), similar to S&P500, 3x in past as well, what about this time?

How about companies stocks? I've selected some good quality companies with great consistent earnings & growth over many years; see & decide for yourself...

First off, ADBE, the must have design software suite that design professionals must have. For ADBE, its actually hard for ADBE to reach 30, the previous 3x in past 5years RSI did not reach 30 but its troughs had nonetheless coincided with major bottoms as boxed. On the right edge, there's actually 2x RSI hit 30, the first time it "failed", just like all indicators, no indicator is 100% working. But when the first signal didn't work, the chance for 2nd signal, particularly this one with bullish divergence (lower price troughs, but higher indicator troughs) post a even stronger signal of the bottom, especially when it bounced up from a long term 200weeks SMA.

Some of you might challenge, hey but it failed once, how can I trust this if it fail once before. All I can say is, the signal still sort of catches a "bottom", just not the final low, even if you have got in the first signal, you hold it for 5-10years, you would still profit tremendously as you would have bought it at near to the bottom.

Lets see a few more, next ICE or Intercontinental Exchange which owns the NYSE itself, the futures & equity options exchanges and OTC energy, credit and equity markets.

This RSI signal only appeared 2x, what would you do with the current one that had just bounced above 200week MA?

Lets one last one, Nike shoes (NKE) stock.

I purposely included this which had a recent fail signal, wonder why? the signal happened when NKE only felt to 150week SMA, so not low enough like the first signal which pierced below 200week SMA before it bounced up sharply. So the current signal, is this it?

Honestly, no one can predict the future, but I go with probability & indicator served this purpose based on its structure & price action history to "indicate" potential bottom. Now that we have looked at the market (SPX, NDX) and 3 good quality companies from various industries; my personal view is that the US market has likely bottomed & this would be a good "stock market sale" that is probably ripe to enter now.

All the best to your trading & investing, may the markets be with you ( * v * )")