SPX: Bulls Take the Stairs; Bears Take the Elevator (part 2)
ที่อัปเดต:
Ok we are nearing the top floor of this trip
Our trip down will be a little more "hurried" than our trip up
Buckle Up!
P.S. if you don't like to ride the elevator down then there is another one about to head up over on TLT :)
Our trip down will be a little more "hurried" than our trip up
Buckle Up!
P.S. if you don't like to ride the elevator down then there is another one about to head up over on TLT :)
บันทึกช่วยจำ
Critical junction for the market up aheadAre you ready?
บันทึกช่วยจำ
Market crash in progressBuckle Up!
บันทึกช่วยจำ
Ok looks like we were wrong...for now
The market decided to change its mind on crashing right now and instead head to new all time highs
A pullback is imminent so looking for the Fed news this week to provide a catalyst for that move lower
How that move takes shape will decide the rest of 2024 and beyond
With that said even if we get new ATHs the ultimate fate of the market is the same...a depression level environment that sees the S&P500 at sub-2000 levels.
บันทึกช่วยจำ
if we get new ATHs this is where we should topAgain, new ATHs do not change the ultimate destination...just means we decline from a higher price.
บันทึกช่วยจำ
Looking for an extremely imminent pullback in the S&PIdeally 1st support will hold and then we head higher to new ATHs
Ultimately the 2nd support needs to hold if we want to see those new ATHs
Any sustained break of the 2nd support opens the door to much larger sustained downside risk
BUT REMEMBER: Even if we get new ATHs the destination over the next 5-8 years is SUB 2000 with expected levels reaching as low as 666-1500 spx
บันทึกช่วยจำ
If Support holds then we should head toward ATHsIf Support breaks we will head towards 4600
บันทึกช่วยจำ
Highly suggest you take note of the Targeted Topping ZoneMarket structure is suggesting that we may not get too far above that zone on this move.
In fact we may not break that zone at all
Essentially we are saying if you look at what we have been predicting with the broad markets price may not touch this zone again for a decade
Trying to sound the alarm here
We sincerely hope this analysis is wrong because we are not sure the vast majority of people understand the true nature of what we are facing in this country and throughout the world
Please Please Please get prepared
บันทึกช่วยจำ
Get Ready!บันทึกช่วยจำ
Tweaked the targets a bitบันทึกช่วยจำ
ALERT!!!The break of the 5100 level today and the move lower is the huge sign that a major top has been established in the market
BUT even if new All time highs are made we still think the market will find a major ceiling between 5300 and 5400
บันทึกช่วยจำ
Near term expectationsบันทึกช่วยจำ
Lets see how this plays outบันทึกช่วยจำ
Market generally progressing as expected.Its possible all of Wave (C) is complete but the market appears to still want to rally a bit
Lets see
บันทึกช่วยจำ
Zooming out a bit to better see the move we are trackingบันทึกช่วยจำ
Ok its pretty clear to us where price is most likely headedSlightly tweaked the count.
บันทึกช่วยจำ
CRITICAL MARKET SUPPORT AREASThe market appears to be setting up for a significant downturn
We are expecting that downturn to begin by the end of this week/ early next week
This could be really ugly
PLEASE TAKE CAUTION
บันทึกช่วยจำ
CRASH ALERT!!!BE CAREFUL!!!
บันทึกช่วยจำ
One last push higher and we should see price fall off a cliffบันทึกช่วยจำ
IWM about to go down in flames!!!บันทึกช่วยจำ
Ok we are in the target crash zone.We are on high alert for a significant downturn...i certainly hope we are wrong because this going to be UGLY
Expect one more smaller push higher and then watch out below
บันทึกช่วยจำ
Price pushed higher as expected. BE CAREFUL!
บันทึกช่วยจำ
Get Ready
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน