the stage is set for the spx500 to undergo a massive phase of distribution.
it will come in phases, and the final phase will be a parabolic break out\overthrow, out of the "rising wedge" which it will create.
i'm hypothesizing an ending diagonal for the final fifth wave in this bullish sequence which had begun 13 years ago;
it could go as high as 6k before the fireworks begin.
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with the current trajectory, spx is poised to find a significant bottom near the end of july, same as bitcoin.
it will come in phases, and the final phase will be a parabolic break out\overthrow, out of the "rising wedge" which it will create.
i'm hypothesizing an ending diagonal for the final fifth wave in this bullish sequence which had begun 13 years ago;
it could go as high as 6k before the fireworks begin.
----
with the current trajectory, spx is poised to find a significant bottom near the end of july, same as bitcoin.
Note
Here's how we could potentially get down there.
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i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.