Name: S&P 500 vs. ASX 200: How to Time One Using the Other
Uploaded: 2020-03-11T01:40:26.000Z
Duration: 2 min 3 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

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Well, the good news is that plenty of sentiment indicators are available for the huge market in the United States, and because global markets often end corrections around the same time, sentiment around significant lows in the U.

Market can sometimes service a proxy for sentiment in other markets.

Using an analysis we published for Australia's stock market in early 2019 this is what Australia's All Ordinaries Index looked like on January 4 2019.

The index had been declining along with global markets for several months, but our wave count for the index indicated that the correction had probably ended in late December 2018.

In addition, a pessimistic extreme in a sentiment indicator for the S and P 500 provided support for our forecast.

In late December 2018 the percentage of traders surveyed for the daily sentiment index, who were bullish on the S and P 500 had fallen toe only 4% readings that low had occurred only four other times since the 2009 lows in global markets and all of them proceeded intermediate term lows in Australia stock market.

Therefore, we said on January 4 2019 quote the all Ordinaries has likely ended its correction from the 2018 high and begun a new wave up.

Daily sentiment index may serve as a proxy for sentiment in Australian stocks because global stock markets often bottom together and look at the stunning rally that followed.

 The all ordinaries rallied as much as 22% 2 new 52 week highs before pulling back, showing once again how sentiment indicators in the United States can sometimes support. 

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S&P 500 vs. ASX 200: How to Time One Using the Other

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